Stephens set a $16.00 price objective on Umpqua (NASDAQ:UMPQ) in a report issued on Friday morning, TipRanks reports. The firm currently has a hold rating on the bank’s stock.
A number of other analysts have also recently commented on the stock. Raymond James set a $17.00 target price on shares of Umpqua and gave the stock a buy rating in a research note on Thursday, August 29th. Zacks Investment Research cut shares of Umpqua from a hold rating to a sell rating in a research note on Saturday. SunTrust Banks lowered their target price on shares of Umpqua from $20.00 to $19.00 and set a buy rating for the company in a research note on Thursday, October 3rd. ValuEngine upgraded shares of Umpqua from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Wedbush lowered their target price on shares of Umpqua from $18.00 to $16.00 and set a neutral rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $17.67.
Shares of NASDAQ:UMPQ traded up $0.09 during trading on Friday, reaching $15.86. The stock had a trading volume of 1,676,761 shares, compared to its average volume of 1,369,084. The firm’s 50-day simple moving average is $16.15 and its 200 day simple moving average is $16.59. The company has a market capitalization of $3.47 billion, a P/E ratio of 10.86, a PEG ratio of 1.24 and a beta of 1.08. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. Umpqua has a one year low of $15.06 and a one year high of $20.39.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, October 16th. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $317.49 million during the quarter, compared to analysts’ expectations of $302.20 million. Umpqua had a net margin of 24.20% and a return on equity of 8.41%. During the same period last year, the business earned $0.41 EPS. Equities research analysts forecast that Umpqua will post 1.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, September 27th. Umpqua’s dividend payout ratio (DPR) is presently 57.53%.
In other Umpqua news, EVP David F. Shotwell sold 7,220 shares of Umpqua stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $16.73, for a total transaction of $120,790.60. Following the completion of the sale, the executive vice president now directly owns 74,530 shares in the company, valued at approximately $1,246,886.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Torran B. Nixon sold 5,303 shares of Umpqua stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $15.31, for a total transaction of $81,188.93. Following the sale, the executive vice president now owns 103,344 shares of the company’s stock, valued at $1,582,196.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,523 shares of company stock valued at $369,680. Company insiders own 0.43% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan lifted its stake in Umpqua by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 40,740 shares of the bank’s stock valued at $676,000 after acquiring an additional 590 shares during the period. Zebra Capital Management LLC lifted its stake in Umpqua by 4.1% during the 2nd quarter. Zebra Capital Management LLC now owns 17,068 shares of the bank’s stock valued at $283,000 after acquiring an additional 677 shares during the period. State of Alaska Department of Revenue lifted its stake in Umpqua by 1.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 54,061 shares of the bank’s stock valued at $896,000 after acquiring an additional 948 shares during the period. Abbrea Capital LLC lifted its stake in Umpqua by 3.9% during the 2nd quarter. Abbrea Capital LLC now owns 30,468 shares of the bank’s stock valued at $512,000 after acquiring an additional 1,132 shares during the period. Finally, Bbva USA Bancshares Inc. lifted its stake in Umpqua by 5.7% during the 2nd quarter. Bbva USA Bancshares Inc. now owns 21,122 shares of the bank’s stock valued at $351,000 after acquiring an additional 1,148 shares during the period. Institutional investors and hedge funds own 86.16% 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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