Umpqua (UMPQ) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Umpqua (NASDAQ:UMPQ) from a sell rating to a strong sell rating in a research note released on Wednesday.

A number of other analysts also recently issued reports on UMPQ. Zacks Investment Research downgraded Umpqua from a buy rating to a hold rating in a report on Tuesday, July 3rd. Barclays decreased their price target on Umpqua from $26.00 to $24.00 and set an equal weight rating for the company in a report on Friday, July 20th. Sandler O’Neill reaffirmed a buy rating and set a $25.00 price target on shares of Umpqua in a report on Friday, July 20th. JPMorgan Chase & Co. decreased their price target on Umpqua from $26.00 to $25.00 and set a $22.72 rating for the company in a report on Monday, July 23rd. Finally, Hovde Group set a $24.00 price target on Umpqua and gave the stock a hold rating in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Umpqua has an average rating of Hold and a consensus target price of $23.85.

NASDAQ UMPQ traded down $0.17 during trading on Wednesday, reaching $18.68. 1,591,073 shares of the company’s stock were exchanged, compared to its average volume of 1,962,033. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96. 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 1 year low of $18.17 and a 1 year high of $24.89.



Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The company had revenue of $313.76 million during the quarter, compared to the consensus estimate of $309.37 million. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities research analysts expect that Umpqua will post 1.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.21 dividend. This is an increase from Umpqua’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Thursday, September 27th. Umpqua’s payout ratio is presently 78.50%.

Several institutional investors have recently bought and sold shares of UMPQ. TRUE Private Wealth Advisors purchased a new stake in shares of Umpqua in the 3rd quarter valued at about $103,000. Smithfield Trust Co. purchased a new stake in shares of Umpqua in the 2nd quarter valued at about $128,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Umpqua in the 2nd quarter valued at about $143,000. Cerebellum GP LLC purchased a new stake in shares of Umpqua in the 3rd quarter valued at about $173,000. Finally, ARP Americas LP purchased a new stake in shares of Umpqua in the 2nd quarter valued at about $203,000. 88.73% of the stock is owned by institutional investors and hedge funds.

About Umpqua

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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