Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.73.
A number of research analysts have weighed in on the company. BidaskClub lowered Umpqua from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Stephens reaffirmed a “hold” rating and set a $20.00 target price on shares of Umpqua in a report on Wednesday, December 19th. Zacks Investment Research raised Umpqua from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Saturday, December 22nd. Finally, ValuEngine lowered Umpqua from a “hold” rating to a “sell” rating in a report on Friday, November 30th.
UMPQ stock opened at $17.93 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.19 and a beta of 1.09. Umpqua has a twelve month low of $15.09 and a twelve month high of $24.89.
Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, January 23rd. The bank reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The company had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $306.36 million. Umpqua had a net margin of 23.51% and a return on equity of 8.05%. During the same period in the previous year, the firm earned $0.28 EPS. Sell-side analysts expect that Umpqua will post 1.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Thursday, March 28th. Umpqua’s payout ratio is 57.53%.
In other news, CFO Ron L. Farnsworth sold 9,500 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $17.62, for a total transaction of $167,390.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama lifted its position in Umpqua by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 285,555 shares of the bank’s stock worth $4,540,000 after buying an additional 983 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Umpqua by 6.3% in the 4th quarter. Meeder Asset Management Inc. now owns 16,944 shares of the bank’s stock worth $269,000 after buying an additional 1,000 shares during the last quarter. Financial Advocates Investment Management lifted its position in Umpqua by 45.1% in the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock worth $43,000 after buying an additional 1,001 shares during the last quarter. Abbrea Capital LLC lifted its position in Umpqua by 3.6% in the 4th quarter. Abbrea Capital LLC now owns 29,336 shares of the bank’s stock worth $473,000 after buying an additional 1,016 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Umpqua by 58.4% in the 4th quarter. Parallel Advisors LLC now owns 3,031 shares of the bank’s stock worth $48,000 after buying an additional 1,118 shares during the last quarter. 87.99% of the stock is owned by institutional investors.
Umpqua Company Profile
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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