Umpqua Holdings Corp (UMPQ) Receives $23.73 Consensus Target Price from Analysts

Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $23.73.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. BidaskClub upgraded shares of Umpqua from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Finally, ValuEngine upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

NASDAQ:UMPQ traded down $0.21 on Wednesday, reaching $17.87. 2,381,900 shares of the company’s stock were exchanged, compared to its average volume of 1,923,446. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. The firm has a market capitalization of $3.89 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. Umpqua has a 52-week low of $15.09 and a 52-week high of $24.89.

Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, January 23rd. The bank reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). Umpqua had a return on equity of 8.05% and a net margin of 23.51%. The firm had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $306.36 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts expect that Umpqua will post 1.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.84 annualized dividend and a yield of 4.70%. Umpqua’s dividend payout ratio is currently 57.53%.

In other Umpqua news, CFO Ron L. Farnsworth sold 9,500 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.43% of the company’s stock.

Several hedge funds have recently bought and sold shares of UMPQ. Janus Henderson Group PLC acquired a new stake in shares of Umpqua in the third quarter valued at approximately $1,017,000. BlackRock Inc. boosted its holdings in shares of Umpqua by 2.8% in the third quarter. BlackRock Inc. now owns 19,411,233 shares of the bank’s stock valued at $403,755,000 after acquiring an additional 520,015 shares during the period. Credit Suisse AG boosted its holdings in shares of Umpqua by 17.7% in the third quarter. Credit Suisse AG now owns 206,343 shares of the bank’s stock valued at $4,293,000 after acquiring an additional 31,060 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Umpqua in the third quarter valued at approximately $217,000. Finally, Standard Life Aberdeen plc boosted its holdings in shares of Umpqua by 17.5% in the third quarter. Standard Life Aberdeen plc now owns 775,118 shares of the bank’s stock valued at $16,134,000 after acquiring an additional 115,293 shares during the period. 88.97% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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