Umpqua (UMPQ) Rating Increased to Hold at Zacks Investment Research

Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “

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Several other brokerages have also issued reports on UMPQ. BidaskClub upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. ValuEngine upgraded Umpqua from a “buy” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase lowered their target price on Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Wedbush upgraded Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Thursday, January 4th. Finally, Hovde Group restated a “hold” rating and issued a $22.50 target price on shares of Umpqua in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.20.

Shares of Umpqua stock opened at $21.37 on Friday. The firm has a market cap of $4,818.80, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03. Umpqua has a 12 month low of $16.65 and a 12 month high of $23.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.98.

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

In related news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 188,809 shares in the company, valued at approximately $4,049,953.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its stake in shares of Umpqua by 1.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 178,104 shares of the bank’s stock valued at $3,705,000 after purchasing an additional 2,384 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Umpqua by 1.8% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 139,141 shares of the bank’s stock valued at $2,894,000 after purchasing an additional 2,423 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Umpqua by 2.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 134,992 shares of the bank’s stock valued at $2,647,000 after purchasing an additional 2,767 shares during the period. Advisor Group Inc. raised its stake in shares of Umpqua by 15.2% during the 4th quarter. Advisor Group Inc. now owns 21,859 shares of the bank’s stock valued at $454,000 after purchasing an additional 2,884 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Umpqua by 11.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,197 shares of the bank’s stock valued at $608,000 after purchasing an additional 3,001 shares during the period. Institutional investors own 91.16% of the company’s stock.

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About Umpqua

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.

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