Analysts Set Umpqua Holdings Corp. (NASDAQ:UMPQ) Price Target at $17.93
Umpqua Holdings Corp. (NASDAQ:UMPQ) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.93.
A number of research analysts have weighed in on UMPQ shares. Raymond James Financial Inc. raised shares of Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, August 25th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Umpqua Holdings Corp. in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Umpqua Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Wells Fargo & Co. lowered shares of Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 11th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Umpqua Holdings Corp. in a research note on Saturday, July 9th.
Hedge funds have recently bought and sold shares of the company. AXA increased its stake in Umpqua Holdings Corp. by 250.7% in the first quarter. AXA now owns 457,600 shares of the company’s stock worth $7,258,000 after buying an additional 327,100 shares during the period. UBS Group AG increased its stake in Umpqua Holdings Corp. by 0.6% in the first quarter. UBS Group AG now owns 440,033 shares of the company’s stock worth $6,978,000 after buying an additional 2,739 shares during the period. State Street Corp increased its stake in Umpqua Holdings Corp. by 0.9% in the first quarter. State Street Corp now owns 10,975,389 shares of the company’s stock worth $174,070,000 after buying an additional 101,355 shares during the period. Kempen Capital Management N.V. increased its stake in Umpqua Holdings Corp. by 5.7% in the first quarter. Kempen Capital Management N.V. now owns 1,396,000 shares of the company’s stock worth $22,141,000 after buying an additional 75,050 shares during the period. Finally, Huntington Asset Advisors Inc. bought a new stake in Umpqua Holdings Corp. during the first quarter worth about $650,000. Institutional investors and hedge funds own 91.73% of the company’s stock.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 15.41 on Monday. The company’s 50 day moving average is $15.59 and its 200 day moving average is $15.61. The company has a market cap of $3.39 billion, a P/E ratio of 15.27 and a beta of 1.28. 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 issued its earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a net margin of 18.90% and a return on equity of 6.77%. During the same quarter last year, the firm earned $0.31 EPS. On average, equities analysts predict that Umpqua Holdings Corp. will post $1.07 earnings per share for the current year.
The business 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. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 4.15%. Umpqua Holdings Corp.’s dividend payout ratio (DPR) is presently 62.75%.
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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