Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.00.
UMPQ has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. BidaskClub upgraded Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Stephens reiterated a “hold” rating and set a $21.00 price objective on shares of Umpqua in a research note on Monday, April 22nd. Finally, ValuEngine lowered Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Umpqua by 2.3% in the fourth quarter. BlackRock Inc. now owns 19,858,343 shares of the bank’s stock valued at $315,746,000 after purchasing an additional 447,110 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in Umpqua by 18.5% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock valued at $196,776,000 after acquiring an additional 1,927,944 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Umpqua by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock valued at $102,129,000 after acquiring an additional 426,501 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Umpqua by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 3,554,888 shares of the bank’s stock valued at $56,523,000 after acquiring an additional 25,315 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Umpqua by 0.9% in the fourth quarter. Northern Trust Corp now owns 3,046,997 shares of the bank’s stock valued at $48,447,000 after acquiring an additional 27,913 shares during the last quarter. Institutional investors and hedge funds own 88.91% of the company’s stock.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). Umpqua had a net margin of 23.20% and a return on equity of 7.91%. The business had revenue of $283.43 million during the quarter, compared to analysts’ expectations of $301.29 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Analysts forecast that Umpqua will post 1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.81%. Umpqua’s dividend payout ratio (DPR) is presently 57.53%.
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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