Umpqua (UMPQ) – Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Umpqua (NASDAQ: UMPQ) recently:

  • 4/20/2018 – Umpqua had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $25.00 price target on the stock.
  • 4/19/2018 – Umpqua had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $27.00 price target on the stock.
  • 4/6/2018 – Umpqua was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 4/6/2018 – Umpqua was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 3/28/2018 – Umpqua was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/20/2018 – Umpqua had its “hold” rating reaffirmed by analysts at Stephens. They now have a $24.00 price target on the stock.
  • 3/9/2018 – Umpqua was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/27/2018 – Umpqua was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of NASDAQ:UMPQ opened at $23.69 on Monday. The company has a market capitalization of $5,222.21, a PE ratio of 22.14, a P/E/G ratio of 2.04 and a beta of 1.03. Umpqua Holdings Co. has a twelve month low of $16.76 and a twelve month high of $23.84. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $301.80 million during the quarter, compared to analyst estimates of $289.28 million. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. During the same period in the prior year, the business posted $0.21 EPS. equities analysts forecast that Umpqua Holdings Co. will post 1.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, April 2nd were paid a $0.20 dividend. This is a positive change from Umpqua’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, March 29th. Umpqua’s dividend payout ratio is currently 74.77%.

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 shares were sold at an average price of $21.45, for a total value of $124,302.75. Following the completion of the sale, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Large investors have recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of Umpqua by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 627,728 shares of the bank’s stock worth $12,247,000 after acquiring an additional 42,945 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Umpqua in the 4th quarter worth approximately $2,059,000. Swiss National Bank lifted its stake in shares of Umpqua by 2.0% in the 4th quarter. Swiss National Bank now owns 375,125 shares of the bank’s stock worth $7,803,000 after acquiring an additional 7,500 shares during the period. Koch Industries Inc. acquired a new stake in Umpqua during the fourth quarter valued at approximately $914,000. Finally, TCW Group Inc. lifted its stake in Umpqua by 7.7% during the fourth quarter. TCW Group Inc. now owns 130,775 shares of the bank’s stock valued at $2,720,000 after purchasing an additional 9,386 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

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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