Umpqua (NASDAQ:UMPQ) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Umpqua (NASDAQ:UMPQ) from a strong sell rating to a sell rating in a research report report published on Wednesday morning, BidAskClub reports.

UMPQ has been the subject of a number of other research reports. Stephens reissued a hold rating and set a $18.00 price target on shares of Umpqua in a report on Thursday, July 18th. Raymond James set a $17.00 price target on Umpqua and gave the stock a buy rating in a report on Thursday, August 29th. Finally, Zacks Investment Research raised Umpqua from a sell rating to a hold rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $19.00.

NASDAQ:UMPQ opened at $16.82 on Wednesday. The stock has a fifty day moving average price of $16.02 and a 200-day moving average price of $16.74. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.99 and a current ratio of 1.01. Umpqua has a fifty-two week low of $15.06 and a fifty-two week high of $22.16.



Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 17th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $348.99 million during the quarter, compared to the consensus estimate of $300.90 million. Umpqua had a return on equity of 8.71% and a net margin of 25.09%. During the same period in the prior year, the company posted $0.31 EPS. Research analysts predict that Umpqua will post 1.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.99%. Umpqua’s dividend payout ratio (DPR) is currently 57.53%.

In other news, EVP David F. Shotwell sold 7,220 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $16.73, for a total transaction of $120,790.60. Following the completion of the transaction, the executive vice president now owns 74,530 shares of the company’s stock, valued at approximately $1,246,886.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Torran B. Nixon sold 5,303 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $15.31, for a total value of $81,188.93. Following the transaction, the executive vice president now directly owns 103,344 shares of the company’s stock, valued at approximately $1,582,196.64. The disclosure for this sale can be found here. Insiders have sold a total of 22,523 shares of company stock valued at $369,680 in the last three months. 0.43% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. AGF Investments LLC increased its holdings in Umpqua by 456.0% in the 2nd quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock worth $43,000 after purchasing an additional 2,134 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Umpqua in the 2nd quarter worth about $87,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Umpqua in the 1st quarter worth about $90,000. CWM LLC increased its holdings in Umpqua by 3,046.5% in the 2nd quarter. CWM LLC now owns 7,237 shares of the bank’s stock worth $120,000 after purchasing an additional 7,007 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Umpqua in the 2nd quarter worth about $180,000. 86.37% of the stock is owned by institutional investors and hedge funds.

About Umpqua

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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