Umpqua (NASDAQ:UMPQ) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently weighed in on UMPQ. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 target price on shares of Umpqua in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua in a research note on Monday, October 16th. Wells Fargo & Co boosted their target price on shares of Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, Barclays boosted their target price on shares of Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.94.
Shares of Umpqua (NASDAQ:UMPQ) traded up $0.29 during midday trading on Friday, hitting $21.26. 1,580,000 shares of the company’s stock were exchanged, compared to its average volume of 1,419,972. Umpqua has a one year low of $16.65 and a one year high of $22.86. The company has a market capitalization of $4,682.13, a P/E ratio of 20.44, a PEG ratio of 2.04 and a beta of 1.14. 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 (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua had a return on equity of 5.79% and a net margin of 19.04%. The company had revenue of $295.87 million during the quarter, compared to the consensus estimate of $297.51 million. During the same period in the prior year, the firm posted $0.28 earnings per share. research analysts expect that Umpqua will post 1.03 earnings per share for the current year.
In related news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in shares of Umpqua by 18.2% during the third quarter. Public Employees Retirement System of Ohio now owns 147,716 shares of the bank’s stock worth $2,882,000 after buying an additional 22,715 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Umpqua by 11.3% during the third quarter. Sterling Capital Management LLC now owns 877,433 shares of the bank’s stock worth $17,119,000 after buying an additional 88,842 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Umpqua by 7.3% during the third quarter. California Public Employees Retirement System now owns 627,728 shares of the bank’s stock worth $12,247,000 after buying an additional 42,945 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Umpqua during the third quarter worth approximately $540,000. Finally, Zions Bancorporation bought a new stake in shares of Umpqua during the third quarter worth approximately $121,000. 88.15% of the stock is owned by institutional investors and hedge funds.
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Umpqua 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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