Umpqua (UMPQ) Stock Rating Reaffirmed by Stephens

Umpqua (NASDAQ:UMPQ)‘s stock had its “hold” rating restated by research analysts at Stephens in a note issued to investors on Monday, AnalystRatings.com reports. They presently have a $21.00 price objective on the bank’s stock. Stephens’ target price suggests a potential upside of 22.81% from the company’s current price.

UMPQ has been the topic of several other research reports. Zacks Investment Research downgraded Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine upgraded Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, BidaskClub downgraded Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.00.

UMPQ stock opened at $17.10 on Monday. Umpqua has a fifty-two week low of $15.09 and a fifty-two week high of $24.89. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.16 and a beta of 1.08.

Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The firm had revenue of $283.43 million for the quarter, compared to analysts’ expectations of $301.29 million. Umpqua had a return on equity of 7.91% and a net margin of 23.20%. During the same quarter last year, the company posted $0.35 EPS. On average, analysts expect that Umpqua will post 1.64 EPS for the current year.

In related news, CFO Ron L. Farnsworth sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $17.62, for a total value of $167,390.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its position in Umpqua by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 59,000 shares of the bank’s stock valued at $974,000 after acquiring an additional 600 shares in the last quarter. Retirement Systems of Alabama lifted its position in Umpqua by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 285,555 shares of the bank’s stock valued at $4,540,000 after acquiring an additional 983 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Umpqua by 6.3% in the 4th quarter. Meeder Asset Management Inc. now owns 16,944 shares of the bank’s stock valued at $269,000 after acquiring an additional 1,000 shares in the last quarter. Financial Advocates Investment Management lifted its position in Umpqua by 45.1% in the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Abbrea Capital LLC lifted its position in Umpqua by 3.6% in the 4th quarter. Abbrea Capital LLC now owns 29,336 shares of the bank’s stock valued at $473,000 after acquiring an additional 1,016 shares in the last quarter. 88.97% of the stock is currently 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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