Umpqua Holdings Co. (NASDAQ:UMPQ) Receives Consensus Rating of “Hold” from Brokerages

Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $20.63.

UMPQ has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on Umpqua in a research note on Friday, February 11th. They issued a “market perform” rating for the company. initiated coverage on Umpqua in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut Umpqua from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 31st.

Shares of NASDAQ UMPQ opened at $17.98 on Friday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 9.72 and a beta of 1.02. The business has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $19.34. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. Umpqua has a twelve month low of $16.34 and a twelve month high of $22.06.

Umpqua (NASDAQ:UMPQGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The bank reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Umpqua had a return on equity of 14.89% and a net margin of 31.34%. The firm had revenue of $308.73 million during the quarter, compared to the consensus estimate of $296.38 million. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue was down 6.5% on a year-over-year basis. As a group, equities analysts predict that Umpqua will post 1.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 16th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $0.84 annualized dividend and a dividend yield of 4.67%. Umpqua’s dividend payout ratio (DPR) is 45.41%.

In related news, Director Luis Machuca bought 7,600 shares of Umpqua stock in a transaction dated Thursday, April 28th. The stock was acquired at an average cost of $17.29 per share, with a total value of $131,404.00. Following the completion of the acquisition, the director now directly owns 70,718 shares in the company, valued at approximately $1,222,714.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Torran B. Nixon sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $17.67, for a total value of $88,350.00. Following the sale, the insider now directly owns 216,033 shares of the company’s stock, valued at $3,817,303.11. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

A number of large investors have recently bought and sold shares of UMPQ. Versor Investments LP raised its position in Umpqua by 37,273.5% during the fourth quarter. Versor Investments LP now owns 4,073,711 shares of the bank’s stock valued at $78,378,000 after buying an additional 4,062,811 shares during the period. Norges Bank acquired a new position in Umpqua during the fourth quarter valued at $49,879,000. FMR LLC raised its position in Umpqua by 1,322.7% during the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock valued at $26,705,000 after buying an additional 1,504,734 shares during the period. Leeward Investments LLC MA acquired a new position in Umpqua during the first quarter valued at $26,859,000. Finally, Massachusetts Financial Services Co. MA raised its position in Umpqua by 11.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,711,154 shares of the bank’s stock valued at $206,082,000 after buying an additional 1,126,660 shares during the period. 87.58% of the stock is currently owned by hedge funds and other institutional investors.

About Umpqua (Get Rating)

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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