Umpqua Holdings Corporation (NASDAQ:UMPQ) CFO Ron L. Farnsworth sold 5,795 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total value of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares of the company’s stock, valued at $4,049,953.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at $21.88 on Friday. Umpqua Holdings Corporation has a twelve month low of $16.65 and a twelve month high of $22.89. The stock has a market capitalization of $4,865.29, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $293.80 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. equities analysts anticipate that Umpqua Holdings Corporation will post 1.38 earnings per share for the current year.
The business also recently declared a dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s dividend payout ratio is currently 63.72%.
A number of analysts have recently commented on UMPQ shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Umpqua in a report on Monday, October 16th. Wells Fargo & Co upped their price objective on Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays upped their price objective on Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. SunTrust Banks restated a “buy” rating and set a $23.00 price objective on shares of Umpqua in a report on Monday, November 6th. Finally, Zacks Investment Research downgraded Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Umpqua presently has a consensus rating of “Hold” and a consensus target price of $21.55.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. increased its holdings in Umpqua by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after purchasing an additional 523 shares in the last quarter. QS Investors LLC increased its holdings in Umpqua by 1.7% in the 2nd quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock valued at $862,000 after purchasing an additional 781 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Umpqua by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock valued at $2,295,000 after purchasing an additional 820 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Umpqua by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 85,408 shares of the bank’s stock valued at $1,568,000 after purchasing an additional 1,798 shares in the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of Umpqua by 8.2% during the second quarter. Suntrust Banks Inc. now owns 31,240 shares of the bank’s stock valued at $573,000 after acquiring an additional 2,360 shares in the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.
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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.
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