Umpqua (UMPQ) Sets New 12-Month Low on Analyst Downgrade

Umpqua Holdings Corp (NASDAQ:UMPQ)’s share price reached a new 52-week low on Monday after Raymond James lowered their price target on the stock from $24.00 to $23.00. Raymond James currently has an outperform rating on the stock. Umpqua traded as low as $18.86 and last traded at $18.92, with a volume of 163498 shares. The stock had previously closed at $19.61.

Several other equities analysts have also recently weighed in on UMPQ. Zacks Investment Research cut Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Barclays cut their price objective on Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, July 20th. Sandler O’Neill reissued a “buy” rating and set a $25.00 price objective on shares of Umpqua in a research report on Friday, July 20th. JPMorgan Chase & Co. cut their price objective on Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research report on Monday, July 23rd. Finally, Hovde Group set a $24.00 price objective on Umpqua and gave the stock a “hold” rating in a research report on Monday, July 23rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.31.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC increased its stake in Umpqua by 1.3% during the second quarter. Aperio Group LLC now owns 187,770 shares of the bank’s stock valued at $4,242,000 after acquiring an additional 2,436 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Umpqua by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 85,169 shares of the bank’s stock valued at $1,924,000 after acquiring an additional 2,477 shares during the period. Raymond James Trust N.A. increased its stake in Umpqua by 25.8% during the third quarter. Raymond James Trust N.A. now owns 12,561 shares of the bank’s stock valued at $261,000 after acquiring an additional 2,578 shares during the period. Abbrea Capital LLC increased its stake in Umpqua by 12.8% during the second quarter. Abbrea Capital LLC now owns 27,381 shares of the bank’s stock valued at $624,000 after acquiring an additional 3,110 shares during the period. Finally, Arizona State Retirement System increased its stake in Umpqua by 2.5% during the second quarter. Arizona State Retirement System now owns 152,861 shares of the bank’s stock valued at $3,453,000 after acquiring an additional 3,758 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The company has a market cap of $4.32 billion, a PE ratio of 17.66, a PEG ratio of 1.54 and a beta of 0.96.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. The company had revenue of $313.76 million for the quarter, compared to analyst estimates of $309.37 million. During the same period in the prior year, the company posted $0.28 EPS. As a group, equities analysts forecast that Umpqua Holdings Corp will post 1.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.21 dividend. This is a positive change from Umpqua’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, September 27th. Umpqua’s dividend payout ratio is currently 78.50%.

Umpqua Company Profile (NASDAQ:UMPQ)

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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