Umpqua (NASDAQ:UMPQ) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.
UMPQ has been the subject of several other reports. Keefe, Bruyette & Woods upgraded Umpqua from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. JPMorgan Chase & Co. cut their price target on Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Zacks Investment Research upgraded Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Friday, January 12th. Barclays upped their price target on Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $24.00 price target on shares of Umpqua in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Umpqua currently has an average rating of “Hold” and a consensus target price of $21.80.
Shares of Umpqua (NASDAQ:UMPQ) opened at $21.97 on Tuesday. Umpqua has a 1-year low of $16.65 and a 1-year high of $22.89. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4,840.00, a P/E ratio of 21.97, a P/E/G ratio of 1.90 and a beta of 1.10.
In other news, CFO Ron L. Farnsworth sold 5,795 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the completion of the transaction, the chief financial officer now directly owns 188,809 shares in the company, valued at $4,049,953.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in shares of Umpqua by 7.3% during the fourth quarter. Macquarie Group Ltd. now owns 5,884,775 shares of the bank’s stock valued at $122,403,000 after purchasing an additional 401,437 shares during the period. Alliancebernstein L.P. grew its position in Umpqua by 655.7% in the fourth quarter. Alliancebernstein L.P. now owns 4,282,897 shares of the bank’s stock valued at $89,084,000 after acquiring an additional 3,716,144 shares during the period. First Trust Advisors LP grew its holdings in shares of Umpqua by 69.1% during the fourth quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock worth $54,205,000 after purchasing an additional 1,064,635 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Umpqua by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 1,923,159 shares of the bank’s stock worth $37,752,000 after purchasing an additional 74,244 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Umpqua by 23.6% during the fourth quarter. Glenmede Trust Co. NA now owns 1,804,482 shares of the bank’s stock worth $37,533,000 after purchasing an additional 344,158 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.
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Umpqua 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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