Umpqua Holdings Corp. (UMPQ) Short Interest Update
Umpqua Holdings Corp. (NASDAQ:UMPQ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 9,287,745 shares, a growth of 18.0% from the August 31st total of 7,874,238 shares. Based on an average daily trading volume, of 1,623,251 shares, the days-to-cover ratio is presently 5.7 days. Approximately 4.3% of the shares of the company are short sold.
Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 15.05 on Friday. The firm has a 50-day moving average price of $15.64 and a 200-day moving average price of $15.63. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 14.92 and a beta of 1.27. Umpqua Holdings Corp. has a one year low of $13.46 and a one year high of $18.05.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a return on equity of 6.77% and a net margin of 18.90%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, equities analysts predict that Umpqua Holdings Corp. will post $1.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio is presently 62.75%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of Umpqua Holdings Corp. by 16.9% in the second quarter. Creative Planning now owns 8,318 shares of the company’s stock worth $129,000 after buying an additional 1,200 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Umpqua Holdings Corp. during the second quarter valued at $158,000. 1st Global Advisors Inc. raised its stake in Umpqua Holdings Corp. by 4.1% in the second quarter. 1st Global Advisors Inc. now owns 10,633 shares of the company’s stock valued at $164,000 after buying an additional 423 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Umpqua Holdings Corp. during the second quarter valued at $171,000. Finally, Aspen Investment Management Inc purchased a new stake in Umpqua Holdings Corp. during the second quarter valued at $184,000. 91.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on UMPQ. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Umpqua Holdings Corp. in a research note on Saturday, July 9th. Zacks Investment Research raised shares of Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Citigroup Inc. cut shares of Umpqua Holdings Corp. to an “outperform” rating in a research note on Thursday, July 7th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Umpqua Holdings Corp. in a research note on Thursday, July 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $18.00 price objective on shares of Umpqua Holdings Corp. in a research note on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.69.
Umpqua Holdings Corp. Company Profile
Umpqua Holdings Corporation is a financial holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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