Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.67.
UMPQ has been the topic of a number of research reports. BidaskClub cut shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Wedbush initiated coverage on shares of 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. Keefe, Bruyette & Woods set a $20.00 price objective on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. Stephens reaffirmed a “hold” rating and set a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, ValuEngine cut shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock valued at $432,921,000 after buying an additional 24,267,359 shares in the last quarter. Vanguard Group Inc. boosted its stake in Umpqua Holdings Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 18,767,385 shares of the bank’s stock valued at $332,934,000 after buying an additional 903,885 shares in the last quarter. State Street Corp boosted its stake in Umpqua Holdings Corporation by 10.8% in the first quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock valued at $235,592,000 after buying an additional 1,294,031 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Umpqua Holdings Corporation by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock valued at $112,464,000 after buying an additional 207,304 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Umpqua Holdings Corporation by 8.2% in the first quarter. Macquarie Group Ltd. now owns 4,851,305 shares of the bank’s stock valued at $86,062,000 after buying an additional 369,514 shares in the last quarter. 87.64% of the stock is currently owned by institutional investors.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The business 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 period in the previous year, the company posted $0.25 earnings per share. Equities analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.64 annualized dividend and a dividend yield of 3.67%. Umpqua Holdings Corporation’s dividend payout ratio is currently 60.38%.
About Umpqua Holdings Corporation
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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