Umpqua (NASDAQ:UMPQ) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Friday. Wedbush raised shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price target on the stock in a research note on Thursday, January 4th. Barclays boosted their price target on shares of Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $24.00 price target on shares of Umpqua in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.39.
Umpqua (NASDAQ UMPQ) opened at $22.40 on Friday. 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 has a 52 week low of $16.65 and a 52 week high of $22.86. The company has a market cap of $4,930.00, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.14.
Umpqua (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same period last year, the firm earned $0.28 earnings per share. equities analysts predict that Umpqua will post 1.03 EPS for the current fiscal year.
In other Umpqua 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new position in Umpqua during the 3rd quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Umpqua by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after acquiring an additional 632 shares in the last quarter. HighTower Advisors LLC acquired a new position in Umpqua during the 2nd quarter worth approximately $203,000. Raymond James Trust N.A. acquired a new position in Umpqua during the 2nd quarter worth approximately $206,000. Finally, Merriman Wealth Management LLC acquired a new position in Umpqua during the 3rd quarter worth approximately $220,000. Institutional investors own 88.15% of the company’s stock.
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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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