Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
A number of other equities research analysts have also commented on the company. BidaskClub lowered Umpqua from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Piper Jaffray Companies set a $20.00 price target on Umpqua and gave the stock a “sell” rating in a research report on Thursday, August 2nd. ValuEngine lowered Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Hovde Group set a $24.00 price objective on Umpqua and gave the stock a “hold” rating in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.25.
NASDAQ UMPQ opened at $21.53 on Wednesday. The stock has a market cap of $4.71 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Umpqua has a one year low of $16.77 and a one year high of $24.89.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 18th. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). The business had revenue of $298.95 million for the quarter, compared to analyst estimates of $304.67 million. Umpqua had a return on equity of 7.11% and a net margin of 22.53%. During the same period in the prior year, the business earned $0.26 EPS. research analysts anticipate that Umpqua will post 1.41 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Smithfield Trust Co. bought a new position in shares of Umpqua during the second quarter worth about $128,000. Itau Unibanco Holding S.A. bought a new position in shares of Umpqua during the second quarter worth about $143,000. ARP Americas LP bought a new position in shares of Umpqua during the second quarter worth about $203,000. First Allied Advisory Services Inc. bought a new position in shares of Umpqua during the second quarter worth about $222,000. Finally, GAM Holding AG bought a new position in shares of Umpqua during the second quarter worth about $223,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
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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