Umpqua Holdings Co. (UMPQ) Receives $22.13 Average Price Target from Analysts

Umpqua Holdings Co. (NASDAQ:UMPQ) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.13.

UMPQ has been the subject of several recent research reports. Zacks Investment Research cut shares of Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays raised their target price on shares of Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Wedbush raised shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Thursday, January 4th. Finally, BidaskClub lowered shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th.

How to Become a New Pot Stock Millionaire

In related news, CFO Ron L. Farnsworth sold 5,795 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total transaction of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares in the company, valued at $4,049,953.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new stake in Umpqua during the third quarter valued at $121,000. Advisory Services Network LLC grew its position in shares of Umpqua by 654.2% in the fourth quarter. Advisory Services Network LLC now owns 8,643 shares of the bank’s stock valued at $180,000 after purchasing an additional 7,497 shares during the period. Calton & Associates Inc. acquired a new stake in shares of Umpqua in the fourth quarter valued at about $195,000. First Republic Investment Management Inc. acquired a new stake in shares of Umpqua in the fourth quarter valued at about $210,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Umpqua in the fourth quarter valued at about $256,000. Institutional investors own 91.16% of the company’s stock.

Shares of Umpqua stock traded down $0.49 during trading on Friday, hitting $21.37. 1,639,025 shares of the company’s stock were exchanged, compared to its average volume of 1,896,418. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97. Umpqua has a 52-week low of $16.65 and a 52-week high of $23.18. The stock has a market cap of $4,818.80, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03.

Umpqua (NASDAQ:UMPQ) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The firm had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $293.80 million. During the same quarter last year, the company posted $0.27 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. equities analysts expect that Umpqua will post 1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, March 29th. This is a positive change from Umpqua’s previous quarterly dividend of $0.18. Umpqua’s dividend payout ratio (DPR) is currently 74.77%.

ILLEGAL ACTIVITY NOTICE: “Umpqua Holdings Co. (UMPQ) Receives $22.13 Average Price Target from Analysts” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3339338/umpqua-holdings-co-umpq-receives-22-13-average-price-target-from-analysts.html.

Umpqua Company Profile

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. 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.

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Douglas Emmett, Inc.  Given Consensus Recommendation of “Hold” by Analysts
Douglas Emmett, Inc. Given Consensus Recommendation of “Hold” by Analysts
Town Sports International  Rating Reiterated by Imperial Capital
Town Sports International Rating Reiterated by Imperial Capital
CNB Financial  Rating Lowered to Sell at Zacks Investment Research
CNB Financial Rating Lowered to Sell at Zacks Investment Research
IZEA  Releases Quarterly  Earnings Results, Misses Expectations By $0.05 EPS
IZEA Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS
First Community  Releases Quarterly  Earnings Results, Beats Expectations By $0.04 EPS
First Community Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Chart Industries  Issues FY18 Earnings Guidance
Chart Industries Issues FY18 Earnings Guidance


Leave a Reply

© 2006-2018 Ticker Report. Google+.