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.
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.
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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