Umpqua (NASDAQ:UMPQ) Rating Lowered to Sell at BidaskClub

Umpqua (NASDAQ:UMPQ) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday, BidAskClub reports.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Stephens set a $16.00 target price on shares of Umpqua and gave the stock a “hold” rating in a research report on Friday, October 18th. Wedbush decreased their target price on shares of Umpqua from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. ValuEngine upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks decreased their target price on shares of Umpqua from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.67.

Shares of UMPQ opened at $16.41 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $16.16 and a 200-day simple moving average of $16.46. Umpqua has a 1-year low of $15.06 and a 1-year high of $19.88. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Umpqua had a net margin of 24.20% and a return on equity of 8.41%. The business had revenue of $317.49 million during the quarter, compared to analysts’ expectations of $302.20 million. During the same period last year, the company posted $0.41 EPS. On average, equities analysts expect that Umpqua will post 1.59 earnings per share for the current fiscal year.

In other Umpqua news, EVP Torran B. Nixon sold 5,303 shares of Umpqua stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $15.31, for a total value of $81,188.93. Following the transaction, the executive vice president now owns 103,344 shares in the company, valued at approximately $1,582,196.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan F. Stevens sold 12,000 shares of Umpqua stock in a transaction on Friday, November 8th. The shares were sold at an average price of $16.69, for a total transaction of $200,280.00. Following the completion of the transaction, the director now owns 35,012 shares in the company, valued at approximately $584,350.28. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Umpqua by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,008,103 shares of the bank’s stock valued at $66,495,000 after purchasing an additional 89,881 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Umpqua during the 3rd quarter valued at $4,187,000. Balyasny Asset Management LLC lifted its holdings in shares of Umpqua by 535.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,520,829 shares of the bank’s stock valued at $25,231,000 after acquiring an additional 1,281,553 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Umpqua during the 2nd quarter valued at $8,880,000. Finally, CWM LLC lifted its holdings in shares of Umpqua by 3,046.5% during the 2nd quarter. CWM LLC now owns 7,237 shares of the bank’s stock valued at $120,000 after acquiring an additional 7,007 shares in the last quarter. Institutional investors own 86.37% of the company’s stock.

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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