Umpqua Holdings Corporation (UMPQ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have received an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.94.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. SunTrust Banks, Inc. assumed coverage on shares of Umpqua Holdings Corporation in a research report on Friday, August 18th. They issued a “buy” rating and a $20.00 price target for the company. Barclays PLC upped their price target on shares of Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research report on Monday, October 16th.

Umpqua Holdings Corporation (UMPQ) traded up $0.03 during mid-day trading on Wednesday, reaching $20.60. The company’s stock had a trading volume of 364,528 shares, compared to its average volume of 1,516,104. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. Umpqua Holdings Corporation has a 52-week low of $14.77 and a 52-week high of $20.98. The company has a market cap of $4,530.17, a PE ratio of 19.78, a PEG ratio of 2.32 and a beta of 1.12.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. The company had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. During the same period in the previous year, the firm earned $0.28 earnings per share. equities analysts expect that Umpqua Holdings Corporation will post 1.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.18 per share. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 3.50%. Umpqua Holdings Corporation’s dividend payout ratio is presently 67.93%.

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In related news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Umpqua Holdings Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock valued at $348,335,000 after acquiring an additional 205,163 shares during the period. Capital World Investors raised its stake in shares of Umpqua Holdings Corporation by 6.6% in the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after acquiring an additional 944,594 shares during the period. Atlanta Capital Management Co. L L C raised its stake in shares of Umpqua Holdings Corporation by 12.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock valued at $197,288,000 after acquiring an additional 1,219,722 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 207,304 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Umpqua Holdings Corporation by 12.2% in the second quarter. Macquarie Group Ltd. now owns 5,445,291 shares of the bank’s stock valued at $99,976,000 after acquiring an additional 593,986 shares during the period. 87.82% of the stock is currently owned by institutional investors and hedge funds.

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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