ValuEngine Downgrades Umpqua (UMPQ) to Sell

ValuEngine lowered shares of Umpqua (NASDAQ:UMPQ) from a hold rating to a sell rating in a research report report published on Friday.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Umpqua from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Thursday. Piper Jaffray Companies raised shares of Umpqua from an underweight rating to a neutral rating and set a $20.00 price objective on the stock in a research note on Wednesday, November 21st. BidaskClub raised shares of Umpqua from a sell rating to a hold rating in a research note on Monday, November 19th. Raymond James decreased their price objective on shares of Umpqua from $24.00 to $23.00 and set an outperform rating on the stock in a research note on Friday, October 19th. Finally, Wells Fargo & Co set a $22.00 price objective on shares of Umpqua and gave the stock a hold rating in a research note on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $23.92.

NASDAQ UMPQ opened at $19.24 on Friday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. Umpqua has a twelve month low of $18.17 and a twelve month high of $24.89. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $313.76 million for the quarter, compared to analysts’ expectations of $309.37 million. Umpqua had a net margin of 24.23% and a return on equity of 7.74%. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, research analysts anticipate that Umpqua will post 1.47 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of UMPQ. TRUE Private Wealth Advisors acquired a new position in shares of Umpqua during the third quarter worth approximately $103,000. Itau Unibanco Holding S.A. acquired a new position in shares of Umpqua during the second quarter worth approximately $143,000. Cerebellum GP LLC acquired a new position in shares of Umpqua during the third quarter worth approximately $173,000. Summit X LLC acquired a new position in shares of Umpqua during the second quarter worth approximately $211,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Umpqua during the second quarter worth approximately $222,000. 89.61% of the stock is currently owned by hedge funds and other institutional investors.

Umpqua Company Profile

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

Further Reading: SEC Filing

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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