Umpqua Holdings Corp (NASDAQ:UMPQ) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.60.
A number of research firms have recently weighed in on UMPQ. Raymond James set a $17.00 price objective on Umpqua and gave the company a “buy” rating in a research report on Thursday, August 29th. Wedbush lowered their price objective on Umpqua from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. BidaskClub cut Umpqua from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, ValuEngine raised Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Shares of Umpqua stock traded down $0.15 during trading hours on Thursday, reaching $16.12. 19,783 shares of the stock traded hands, compared to its average volume of 1,511,059. The company has a 50 day moving average price of $16.11 and a 200 day moving average price of $16.42. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.28 and a beta of 1.06. Umpqua has a one year low of $15.06 and a one year high of $19.86. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.34.
In related news, EVP Torran B. Nixon sold 5,303 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan F. Stevens sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $16.69, for a total value of $200,280.00. Following the completion of the transaction, the director now directly owns 35,012 shares in the company, valued at $584,350.28. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fulcrum Capital LLC purchased a new stake in shares of Umpqua during the 3rd quarter worth approximately $203,000. AGF Investments LLC raised its holdings in shares of Umpqua by 456.0% during the 2nd quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock worth $43,000 after acquiring an additional 2,134 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Umpqua by 37.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,297 shares of the bank’s stock worth $54,000 after acquiring an additional 891 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Umpqua during the 2nd quarter worth approximately $87,000. Finally, CWM LLC raised 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 worth $120,000 after acquiring an additional 7,007 shares in the last quarter. 85.66% of the stock is currently owned by institutional investors.
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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