Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of research analysts have recently issued reports on the company. BidaskClub raised Umpqua from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Hovde Group reissued a “hold” rating and issued a $22.50 target price on shares of Umpqua in a research note on Tuesday, February 6th. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th.

In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $21.45, for a total value of $124,302.75. Following the completion of the sale, the chief financial officer now directly owns 188,809 shares in the company, valued at $4,049,953.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of UMPQ. Janus Henderson Group PLC purchased a new stake in Umpqua in the second quarter worth about $38,607,000. First Trust Advisors LP lifted its holdings in shares of Umpqua by 69.1% during the fourth quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock valued at $54,205,000 after purchasing an additional 1,064,635 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Umpqua during the second quarter valued at approximately $460,000. American Century Companies Inc. purchased a new position in shares of Umpqua during the third quarter valued at approximately $8,820,000. Finally, ClariVest Asset Management LLC lifted its holdings in shares of Umpqua by 446.8% during the third quarter. ClariVest Asset Management LLC now owns 548,400 shares of the bank’s stock valued at $10,699,000 after purchasing an additional 448,100 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Shares of Umpqua (UMPQ) traded up $0.65 during trading hours on Friday, hitting $21.17. The stock had a trading volume of 1,795,700 shares, compared to its average volume of 1,615,984. Umpqua has a 52-week low of $16.65 and a 52-week high of $22.89. The company has a market capitalization of $4,660.55, a PE ratio of 19.60, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $293.80 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. research analysts expect that Umpqua will post 1.36 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s payout ratio is presently 63.72%.

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Umpqua Company Profile

Umpqua Holdings Corporation is a bank 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.

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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