Umpqua (UMPQ) Sets New 12-Month High and Low After Analyst Upgrade

Umpqua Holdings Co. (NASDAQ:UMPQ) hit a new 52-week high and low during mid-day trading on Monday after Barclays raised their price target on the stock from $24.00 to $26.00. Barclays currently has an equal weight rating on the stock. Umpqua traded as low as $23.95 and last traded at $23.89, with a volume of 867532 shares traded. The stock had previously closed at $23.69.

Other equities research analysts also recently issued reports about the stock. Hovde Group set a $25.00 price objective on shares of Umpqua and gave the stock a “hold” rating in a research report on Monday. BidaskClub raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 target price on shares of Umpqua in a report on Thursday. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $25.00 target price on shares of Umpqua in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.68.

In other news, CFO Ron L. Farnsworth sold 5,795 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total transaction of $124,302.75. Following the transaction, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at $4,049,953.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in UMPQ. Advisory Services Network LLC increased its stake in Umpqua by 654.2% in the fourth quarter. Advisory Services Network LLC now owns 8,643 shares of the bank’s stock valued at $180,000 after acquiring an additional 7,497 shares during the last quarter. Calton & Associates Inc. bought a new position in Umpqua in the fourth quarter valued at approximately $195,000. First Republic Investment Management Inc. bought a new position in Umpqua in the fourth quarter valued at approximately $210,000. Fox Run Management L.L.C. bought a new position in Umpqua in the fourth quarter valued at approximately $256,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua by 43.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,468 shares of the bank’s stock valued at $259,000 after acquiring an additional 3,792 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

The company has a market cap of $5,222.21, a PE ratio of 22.39, a P/E/G ratio of 2.04 and a beta of 1.03. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, April 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $301.80 million for the quarter, compared to analysts’ expectations of $289.28 million. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. During the same period last year, the firm posted $0.21 earnings per share. equities analysts anticipate that Umpqua Holdings Co. will post 1.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Monday, April 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.33%. This is a boost from Umpqua’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, March 29th. Umpqua’s dividend payout ratio (DPR) is 74.77%.

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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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