Umpqua (UMPQ) – Research Analysts’ Recent Ratings Changes

Umpqua (NASDAQ: UMPQ) recently received a number of ratings updates from brokerages and research firms:

  • 10/6/2018 – Umpqua was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/2/2018 – Umpqua was given a new $22.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock.
  • 9/27/2018 – Umpqua was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/25/2018 – Umpqua was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/20/2018 – Umpqua was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/18/2018 – Umpqua was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/11/2018 – Umpqua was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/7/2018 – Umpqua was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/6/2018 – Umpqua was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/5/2018 – Umpqua was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/30/2018 – Umpqua was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/30/2018 – Umpqua was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/23/2018 – Umpqua was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/21/2018 – Umpqua was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of Umpqua stock opened at $21.05 on Tuesday. Umpqua Holdings Corp has a 1-year low of $19.53 and a 1-year high of $24.89. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.64 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Umpqua had a return on equity of 7.11% and a net margin of 22.53%. The company had revenue of $298.95 million for the quarter, compared to analyst estimates of $304.67 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, equities analysts anticipate that Umpqua Holdings Corp will post 1.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from Umpqua’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, September 27th. Umpqua’s dividend payout ratio is presently 78.50%.

Several hedge funds have recently made changes to their positions in UMPQ. Summit X LLC acquired a new position in Umpqua in the second quarter valued at approximately $211,000. Mainstay Capital Management LLC ADV lifted its holdings in Umpqua by 964.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,098,174 shares of the bank’s stock valued at $47,583,000 after buying an additional 994,958 shares during the period. Advisors Asset Management Inc. lifted its holdings in Umpqua by 55.8% in the second quarter. Advisors Asset Management Inc. now owns 67,588 shares of the bank’s stock valued at $1,527,000 after buying an additional 24,196 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Umpqua by 90.2% in the second quarter. Public Employees Retirement System of Ohio now owns 258,560 shares of the bank’s stock valued at $5,841,000 after buying an additional 122,605 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Umpqua in the second quarter valued at approximately $9,440,000. Institutional investors own 88.53% of the company’s stock.

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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