Umpqua (UMPQ) Upgraded to Hold at Zacks Investment Research

Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

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 equities research analysts have also recently issued reports about the company. BidaskClub cut Umpqua from a “strong-buy” rating to a “buy” rating in a research report on Friday. SunTrust Banks reaffirmed a “buy” rating and set a $23.00 price objective on shares of Umpqua in a research report on Monday, November 6th. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays increased their price objective on Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price objective on shares of Umpqua in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.94.

Shares of Umpqua (NASDAQ:UMPQ) opened at $21.26 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua has a 12-month low of $16.65 and a 12-month high of $22.86. The company has a market capitalization of $4,618.26, a price-to-earnings ratio of 20.06, a P/E/G ratio of 2.01 and a beta of 1.14.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. During the same period last year, the business earned $0.28 earnings per share. research analysts predict that Umpqua will post 1.03 EPS for the current fiscal year.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Amalgamated Bank boosted its position in Umpqua by 1.3% in the second quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock worth $577,000 after purchasing an additional 390 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Umpqua by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after buying an additional 523 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Umpqua by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. QS Investors LLC lifted its position in shares of Umpqua by 1.7% during the 2nd quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock valued at $862,000 after buying an additional 781 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Umpqua by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock valued at $2,295,000 after buying an additional 820 shares in the last quarter. 88.15% of the stock is currently owned by institutional investors and hedge funds.

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About Umpqua

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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