Umpqua (UMPQ) Downgraded by BidaskClub to Sell
BidaskClub downgraded shares of Umpqua (NASDAQ:UMPQ) from a hold rating to a sell rating in a research report released on Thursday morning.
UMPQ has been the topic of a number of other research reports. Piper Jaffray Companies set a $20.00 target price on Umpqua and gave the company a sell rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Umpqua from a sell rating to a hold rating in a report on Tuesday, August 21st. Wedbush cut Umpqua from an outperform rating to a neutral rating and set a $25.00 target price on the stock. in a report on Wednesday, May 2nd. ValuEngine cut Umpqua from a buy rating to a hold rating in a report on Tuesday, July 31st. Finally, Barclays reduced their target price on Umpqua from $26.00 to $24.00 and set an equal weight rating on the stock in a report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $24.25.
UMPQ stock opened at $21.18 on Thursday. Umpqua has a 52-week low of $16.77 and a 52-week high of $24.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $4.68 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96.
Several institutional investors and hedge funds have recently modified their holdings of UMPQ. Millennium Management LLC lifted its stake in shares of Umpqua by 135.4% during the first quarter. Millennium Management LLC now owns 6,006,151 shares of the bank’s stock worth $128,592,000 after purchasing an additional 3,455,114 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Umpqua during the second quarter worth about $26,307,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Umpqua during the first quarter worth about $23,435,000. Mainstay Capital Management LLC ADV increased its position in shares of Umpqua by 964.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,098,174 shares of the bank’s stock worth $47,583,000 after acquiring an additional 994,958 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Umpqua by 61.9% during the second quarter. Segall Bryant & Hamill LLC now owns 2,310,306 shares of the bank’s stock worth $52,190,000 after acquiring an additional 883,556 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
Umpqua Company Profile
Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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