UMPQ has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Umpqua from a hold rating to a sell rating in a research report on Wednesday, March 27th. Stephens restated a hold rating and set a $20.00 price objective on shares of Umpqua in a research report on Wednesday, December 19th. Finally, ValuEngine downgraded shares of Umpqua from a hold rating to a sell rating in a research report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $23.00.
UMPQ stock remained flat at $$17.15 on Monday. 930,599 shares of the company traded hands, compared to its average volume of 1,929,505. Umpqua has a 1 year low of $15.09 and a 1 year high of $24.89. The stock has a market cap of $3.78 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.98 and a current ratio of 1.00.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.21 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.90%. Umpqua’s dividend payout ratio is presently 57.53%.
In other news, CFO Ron L. Farnsworth sold 9,500 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $17.62, for a total value of $167,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bremer Trust National Association acquired a new stake in Umpqua in the 4th quarter valued at about $27,000. Financial Advocates Investment Management grew its stake 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 during the last quarter. Enlightenment Research LLC acquired a new stake in Umpqua in the 4th quarter valued at about $45,000. Parallel Advisors LLC grew its stake in Umpqua by 58.4% in the 4th quarter. Parallel Advisors LLC now owns 3,031 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,118 shares during the last quarter. Finally, JOYN Advisors Inc. grew its stake in Umpqua by 60.9% in the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,294 shares during the last quarter. 88.97% of the stock is currently owned by hedge funds and other 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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