Keefe, Bruyette & Woods upgraded shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) from a market perform rating to an outperform rating in a report issued on Wednesday morning, Marketbeat reports.
A number of other equities analysts have also recently issued reports on UMPQ. Wells Fargo & Company raised their target price on shares of Umpqua Holdings Corporation from $18.00 to $20.00 and gave the stock a market perform rating in a report on Friday, October 20th. Barclays PLC raised their target price on shares of Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an equal weight rating in a report on Friday, October 20th. SunTrust Banks, Inc. reissued a buy rating and issued a $23.00 target price on shares of Umpqua Holdings Corporation in a report on Monday, November 6th. Piper Jaffray Companies reissued a sell rating and issued a $16.50 target price on shares of Umpqua Holdings Corporation in a report on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Umpqua Holdings Corporation from a buy rating to a hold rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $20.06.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up $0.07 during trading hours on Wednesday, reaching $20.08. The company had a trading volume of 1,117,400 shares, compared to its average volume of 1,514,431. The firm has a market capitalization of $4,406.84, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.26 and a beta of 1.12. Umpqua Holdings Corporation has a fifty-two week low of $16.51 and a fifty-two week high of $20.98. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million during the quarter, compared to analyst estimates of $297.51 million. Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter last year, the business posted $0.28 earnings per share. analysts expect that Umpqua Holdings Corporation will post 1.04 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s payout ratio is 67.93%.
In related news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ffcm LLC increased its stake in shares of Umpqua Holdings Corporation by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,657 shares during the period. Huntington National Bank increased its stake in shares of Umpqua Holdings Corporation by 30.6% during the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after acquiring an additional 1,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Umpqua Holdings Corporation by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after acquiring an additional 632 shares during the period. HighTower Advisors LLC acquired a new position in shares of Umpqua Holdings Corporation during the second quarter valued at approximately $203,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Umpqua Holdings Corporation during the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 87.82% of the company’s stock.
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.
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