Umpqua Holdings Corporation (UMPQ) Receives “Hold” Rating from Keefe, Bruyette & Woods

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.

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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.

Analyst Recommendations for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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