Keefe, Bruyette & Woods reissued their hold rating on shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in a research note released on Monday morning. The brokerage currently has a $20.00 price objective on the bank’s stock.
A number of other brokerages have also weighed in on UMPQ. BidaskClub lowered shares of Umpqua Holdings Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Piper Jaffray Companies reaffirmed a sell rating and set a $16.50 target price on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. SunTrust Banks, Inc. initiated coverage on shares of Umpqua Holdings Corporation in a research note on Friday, August 18th. They set a buy rating and a $20.00 target price on the stock. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a buy rating to a hold rating in a research note on Wednesday, July 26th. Finally, ValuEngine raised shares of Umpqua Holdings Corporation from a hold rating to a buy rating in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $19.64.
Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 19.85 on Monday. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $20.03. The company has a market cap of $4.37 billion, a PE ratio of 18.73 and a beta of 1.14. The firm’s 50-day moving average is $18.69 and its 200-day moving average is $18.11.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same period last year, the business earned $0.25 EPS. On average, equities research analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.18 per share. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.63%. Umpqua Holdings Corporation’s payout ratio is presently 67.93%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Umpqua Holdings Corporation by 17,820.5% during the 1st quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock valued at $432,921,000 after purchasing an additional 24,267,359 shares in the last quarter. Vanguard Group Inc. lifted its position in Umpqua Holdings Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock valued at $348,335,000 after acquiring an additional 205,163 shares during the period. Capital World Investors lifted its position in Umpqua Holdings Corporation by 6.6% during the 2nd quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after acquiring an additional 944,594 shares during the period. State Street Corp lifted its position in Umpqua Holdings Corporation by 10.8% during the 1st quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock valued at $235,592,000 after acquiring an additional 1,294,031 shares during the period. Finally, Atlanta Capital Management Co. L L C lifted its position in Umpqua Holdings Corporation by 12.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock valued at $197,288,000 after acquiring an additional 1,219,722 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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