Zacks Investment Research upgraded shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) from a hold rating to a buy rating in a report published on Tuesday, July 25th. They currently have $21.00 target price on the bank’s stock.
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. “
Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Tuesday, May 9th. Stephens reiterated a hold rating on shares of Umpqua Holdings Corporation in a research note on Wednesday, April 19th. BidaskClub cut Umpqua Holdings Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. Wedbush began coverage on Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a neutral rating and a $20.00 price objective on the stock. Finally, ValuEngine cut Umpqua Holdings Corporation from a buy rating to a hold rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $19.86.
Umpqua Holdings Corporation (UMPQ) opened at 17.30 on Tuesday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 16.32 and a beta of 1.11. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.50. The stock has a 50 day moving average price of $18.47 and a 200 day moving average price of $18.09.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, equities analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Wednesday, June 28th. Umpqua Holdings Corporation’s dividend payout ratio is presently 60.38%.
Hedge funds have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky boosted its stake in Umpqua Holdings Corporation by 4.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 107,887 shares of the bank’s stock worth $1,981,000 after buying an additional 4,397 shares in the last quarter. Citadel Advisors LLC boosted its stake in Umpqua Holdings Corporation by 591.2% in the second quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock worth $48,665,000 after buying an additional 2,267,129 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Umpqua Holdings Corporation by 22.9% in the second quarter. Parametric Portfolio Associates LLC now owns 781,450 shares of the bank’s stock worth $14,347,000 after buying an additional 145,405 shares in the last quarter. Advisor Group Inc. boosted its stake in Umpqua Holdings Corporation by 2.4% in the second quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock worth $387,000 after buying an additional 523 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Umpqua Holdings Corporation by 8.2% in the second quarter. Suntrust Banks Inc. now owns 31,240 shares of the bank’s stock worth $573,000 after buying an additional 2,360 shares in the last quarter. Institutional investors own 87.64% of the company’s stock.
Umpqua Holdings Corporation 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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