Umpqua (NASDAQ:UMPQ) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, June 19th.
Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Sandler O’Neill reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Umpqua in a research note on Friday, April 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Umpqua in a research note on Thursday, April 19th. DA Davidson raised their price objective on shares of Umpqua from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, Barclays raised their price objective on shares of Umpqua from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, April 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.04.
Shares of NASDAQ UMPQ opened at $22.59 on Tuesday. The firm has a market cap of $5.01 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.74 and a beta of 1.01. Umpqua has a 12-month low of $16.77 and a 12-month high of $24.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99.
Umpqua (NASDAQ:UMPQ) last issued its earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.07. The business had revenue of $301.80 million for the quarter, compared to analyst estimates of $289.28 million. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. During the same period in the prior year, the firm earned $0.21 earnings per share. equities research analysts predict that Umpqua will post 1.45 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in UMPQ. Alliancebernstein L.P. raised its holdings in shares of Umpqua by 655.7% in the fourth quarter. Alliancebernstein L.P. now owns 4,282,897 shares of the bank’s stock valued at $89,084,000 after purchasing an additional 3,716,144 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Umpqua by 135.4% in the first quarter. Millennium Management LLC now owns 6,006,151 shares of the bank’s stock valued at $128,592,000 after purchasing an additional 3,455,114 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in shares of Umpqua in the first quarter valued at about $23,435,000. Deutsche Bank AG raised its holdings in shares of Umpqua by 245.0% in the fourth quarter. Deutsche Bank AG now owns 1,049,883 shares of the bank’s stock valued at $21,835,000 after purchasing an additional 745,606 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Umpqua by 32.3% in the first quarter. Principal Financial Group Inc. now owns 2,332,164 shares of the bank’s stock valued at $49,932,000 after purchasing an additional 569,658 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
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.
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