Umpqua (NASDAQ:UMPQ) posted its earnings results on Tuesday. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.48 by $0.20, MarketWatch Earnings reports. Umpqua had a return on equity of 7.80% and a net margin of 16.53%. During the same quarter last year, the business earned $0.38 EPS.
Shares of NASDAQ UMPQ traded down $0.43 during midday trading on Thursday, hitting $16.07. The stock had a trading volume of 9,899 shares, compared to its average volume of 1,353,109. The company has a market capitalization of $3.54 billion, a PE ratio of 15.57 and a beta of 1.21. The stock has a 50 day simple moving average of $15.44 and a 200-day simple moving average of $12.81. Umpqua has a 1 year low of $8.88 and a 1 year high of $18.94. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.
Several analysts recently commented on the company. Zacks Investment Research lowered Umpqua from a “strong-buy” rating to a “hold” rating in a report on Friday, December 25th. Piper Sandler raised their price objective on Umpqua from $13.50 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, December 9th. TheStreet raised Umpqua from a “d+” rating to a “c-” rating in a report on Thursday, November 5th. JPMorgan Chase & Co. lowered Umpqua from a “neutral” rating to an “underweight” rating and set a $11.50 price objective on the stock. in a report on Tuesday, October 27th. Finally, Wells Fargo & Company raised Umpqua from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $12.00 to $14.00 in a report on Thursday, October 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.44.
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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