Several other research firms also recently weighed in on UMPQ. BidaskClub downgraded Umpqua from a “sell” rating to a “strong sell” rating in a report on Friday, March 13th. Zacks Investment Research downgraded Umpqua from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Stephens upgraded Umpqua from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $21.00 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.60.
UMPQ stock opened at $11.41 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.01 and a quick ratio of 0.99. The business has a 50-day moving average price of $14.74 and a 200 day moving average price of $16.34. The company has a market capitalization of $2.35 billion, a P/E ratio of 7.09, a PEG ratio of 0.96 and a beta of 1.07. Umpqua has a 1-year low of $9.05 and a 1-year high of $18.94.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $310.56 million during the quarter, compared to the consensus estimate of $303.79 million. Umpqua had a return on equity of 8.36% and a net margin of 24.07%. During the same period in the previous year, the company posted $0.36 earnings per share. On average, analysts anticipate that Umpqua will post 1.39 earnings per share for the current fiscal year.
In other Umpqua news, CFO Ron L. Farnsworth sold 10,500 shares of Umpqua stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $16.93, for a total value of $177,765.00. Following the transaction, the chief financial officer now owns 198,248 shares in the company, valued at $3,356,338.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 11,951 shares of company stock worth $202,202 in the last quarter. 0.47% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of UMPQ. Norges Bank purchased a new stake in shares of Umpqua during the fourth quarter worth about $45,752,000. FMR LLC grew its stake in shares of Umpqua by 1,322.7% during the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock worth $26,705,000 after acquiring an additional 1,504,734 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Umpqua by 20.3% during the fourth quarter. Macquarie Group Ltd. now owns 8,713,072 shares of the bank’s stock worth $154,222,000 after acquiring an additional 1,472,878 shares during the last quarter. EJF Capital LLC grew its stake in shares of Umpqua by 196.0% during the fourth quarter. EJF Capital LLC now owns 1,321,092 shares of the bank’s stock worth $23,383,000 after acquiring an additional 874,808 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Umpqua by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,905,727 shares of the bank’s stock worth $86,832,000 after acquiring an additional 748,646 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Umpqua Company Profile
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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