Umpqua Holdings Corporation (UMPQ) Given Average Rating of “Hold” by Brokerages

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.42.

Several equities analysts recently weighed in on the company. Piper Jaffray Companies restated a “sell” rating and issued a $16.50 price target on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. Zacks Investment Research lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine upgraded Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Stephens restated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, BidaskClub lowered Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

Shares of Umpqua Holdings Corporation (UMPQ) traded down 0.15% during mid-day trading on Friday, reaching $19.80. The company’s stock had a trading volume of 1,039,436 shares. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $20.03. The firm’s 50-day moving average price is $18.58 and its 200 day moving average price is $18.08. The firm has a market cap of $4.36 billion, a P/E ratio of 18.68 and a beta of 1.14.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The business had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.18 per share. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, September 28th. Umpqua Holdings Corporation’s payout ratio is 67.93%.

Large investors have recently bought and sold shares of the business. Ffcm LLC increased its stake in Umpqua Holdings Corporation by 150.1% during the 2nd quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after buying an additional 3,657 shares in the last quarter. Huntington National Bank increased its stake in Umpqua Holdings Corporation by 30.6% during the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after buying an additional 1,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua Holdings Corporation by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after buying an additional 632 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Umpqua Holdings Corporation during the 2nd quarter worth approximately $203,000. Finally, Raymond James Trust N.A. purchased a new stake in Umpqua Holdings Corporation during the 2nd quarter worth approximately $206,000. Institutional investors own 87.77% of the company’s stock.

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Umpqua Holdings Corporation Company Profile

Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.

Analyst Recommendations for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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