New Mexico Educational Retirement Board bought a new stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) in the 4th quarter, Holdings Channel reports. The firm bought 54,500 shares of the bank’s stock, valued at approximately $1,134,000.
Other large investors have also made changes to their positions in the company. Zions Bancorporation purchased a new position in shares of Umpqua during the third quarter valued at approximately $121,000. Calton & Associates Inc. purchased a new position in shares of Umpqua during the fourth quarter valued at approximately $195,000. HighTower Advisors LLC purchased a new position in shares of Umpqua during the second quarter valued at approximately $203,000. Fox Run Management L.L.C. purchased a new position in shares of Umpqua during the fourth quarter valued at approximately $256,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Umpqua by 43.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,468 shares of the bank’s stock valued at $259,000 after buying an additional 3,792 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.
Several brokerages have issued reports on UMPQ. Zacks Investment Research lowered Umpqua from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. BidaskClub upgraded Umpqua from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Hovde Group restated a “hold” rating and set a $22.50 target price on shares of Umpqua in a research report on Tuesday, February 6th. ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.80.
Shares of Umpqua Holdings Corp (NASDAQ UMPQ) opened at $21.66 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4,889.34, a P/E ratio of 19.17, a P/E/G ratio of 1.92 and a beta of 1.10. Umpqua Holdings Corp has a twelve month low of $16.65 and a twelve month high of $22.89.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The firm had revenue of $292.60 million during the quarter, compared to analyst estimates of $293.80 million. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. Umpqua’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. research analysts expect that Umpqua Holdings Corp will post 1.36 EPS for the current fiscal year.
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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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