Zacks Investment Research Downgrades Umpqua (UMPQ) to Sell

Zacks Investment Research downgraded shares of Umpqua (NASDAQ:UMPQ) from a hold rating to a sell rating in a research note issued to investors on Friday, Zacks.com reports.

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. “

Several other analysts have also recently issued reports on the company. BidaskClub upgraded Umpqua from a strong sell rating to a sell rating in a research report on Monday, April 1st. ValuEngine lowered Umpqua from a hold rating to a sell rating in a research note on Tuesday, February 5th. Finally, Stephens reissued a hold rating and set a $20.00 price target on shares of Umpqua in a research note on Wednesday, December 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $23.25.

NASDAQ:UMPQ opened at $17.67 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. Umpqua has a 12-month low of $15.09 and a 12-month high of $24.89. The stock has a market cap of $3.91 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08.

Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, January 23rd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Umpqua had a return on equity of 8.05% and a net margin of 23.51%. The business had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $306.36 million. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, research analysts anticipate that Umpqua will post 1.64 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Thursday, March 28th. Umpqua’s payout ratio is presently 57.53%.

In related news, CFO Ron L. Farnsworth sold 9,500 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $17.62, for a total transaction of $167,390.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Bremer Trust National Association bought a new stake in shares of Umpqua in the 4th quarter valued at approximately $27,000. Financial Advocates Investment Management lifted its stake in shares of Umpqua by 45.1% in the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,001 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Umpqua in the 4th quarter valued at approximately $45,000. Parallel Advisors LLC lifted its stake in shares of Umpqua by 58.4% in the 4th quarter. Parallel Advisors LLC now owns 3,031 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,118 shares during the last quarter. Finally, JOYN Advisors Inc. lifted its stake in shares of Umpqua by 60.9% in the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,294 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

About Umpqua

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.

Further Reading: Stock Split

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