Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) have earned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.00.
Several research analysts recently issued reports on the stock. Wedbush upped their target price on shares of Umpqua from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Piper Sandler assumed coverage on shares of Umpqua in a research note on Friday, June 19th. They issued a “hold” rating and a $12.00 price target for the company. BidaskClub raised shares of Umpqua from a “strong sell” rating to a “sell” rating in a research note on Friday, September 4th. SunTrust Banks reissued a “buy” rating and issued a $13.00 price target on shares of Umpqua in a research note on Sunday, June 14th. Finally, ValuEngine downgraded shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd.
Several large investors have recently modified their holdings of UMPQ. FMR LLC raised its stake in shares of Umpqua by 1,322.7% during the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock valued at $26,705,000 after acquiring an additional 1,504,734 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Umpqua by 189.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 84,081 shares of the bank’s stock valued at $1,387,000 after buying an additional 54,988 shares during the period. UBS Group AG increased its position in shares of Umpqua by 0.9% during the first quarter. UBS Group AG now owns 489,060 shares of the bank’s stock valued at $5,331,000 after buying an additional 4,464 shares during the period. Aperio Group LLC increased its position in shares of Umpqua by 32.3% during the first quarter. Aperio Group LLC now owns 241,825 shares of the bank’s stock valued at $2,636,000 after buying an additional 59,090 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Umpqua by 1.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 280,055 shares of the bank’s stock valued at $3,053,000 after buying an additional 3,298 shares during the period. 86.15% of the stock is owned by hedge funds and other institutional investors.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.09. Umpqua had a net margin of 13.68% and a return on equity of 5.65%. The company had revenue of $327.98 million during the quarter, compared to analyst estimates of $306.55 million. As a group, research analysts forecast that Umpqua will post 0.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 20th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.47%. The ex-dividend date was Wednesday, August 19th. Umpqua’s dividend payout ratio (DPR) is 52.50%.
Umpqua Company Profile
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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