Other equities analysts also recently issued research reports about the stock. Raymond James set a $17.00 price objective on shares of Umpqua and gave the company a buy rating in a research note on Thursday, August 29th. Stephens set a $16.00 price objective on shares of Umpqua and gave the company a hold rating in a research note on Friday, October 18th. Wedbush reduced their price objective on shares of Umpqua from $18.00 to $16.00 and set a neutral rating on the stock in a research note on Thursday, October 17th. Zacks Investment Research raised shares of Umpqua from a sell rating to a hold rating in a research note on Saturday, October 26th. Finally, ValuEngine raised shares of Umpqua from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $17.67.
Shares of UMPQ opened at $16.74 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.32 and a beta of 1.06. The company’s 50 day simple moving average is $16.18 and its 200 day simple moving average is $16.47. Umpqua has a 1 year low of $15.06 and a 1 year high of $20.01.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $317.49 million for the quarter, compared to the consensus estimate of $302.20 million. Umpqua had a net margin of 24.20% and a return on equity of 8.41%. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities analysts expect that Umpqua will post 1.59 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Friday, September 27th. Umpqua’s dividend payout ratio is currently 57.53%.
In other Umpqua news, EVP Torran B. Nixon sold 5,303 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $15.31, for a total transaction of $81,188.93. Following the transaction, the executive vice president now owns 103,344 shares of the company’s stock, valued at $1,582,196.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Atlanta Capital Management Co. L L C raised its stake in Umpqua by 16.1% during the second quarter. Atlanta Capital Management Co. L L C now owns 14,443,808 shares of the bank’s stock worth $239,623,000 after purchasing an additional 2,004,171 shares during the period. Macquarie Group Ltd. raised its stake in Umpqua by 3.5% during the second quarter. Macquarie Group Ltd. now owns 5,960,374 shares of the bank’s stock worth $98,883,000 after purchasing an additional 203,657 shares during the period. Bank of New York Mellon Corp raised its stake in Umpqua by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 4,008,103 shares of the bank’s stock worth $66,495,000 after purchasing an additional 89,881 shares during the period. Hamlin Capital Management LLC raised its stake in Umpqua by 26.1% during the third quarter. Hamlin Capital Management LLC now owns 3,552,704 shares of the bank’s stock worth $58,478,000 after purchasing an additional 734,772 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Umpqua by 0.4% during the second quarter. Fisher Asset Management LLC now owns 3,339,400 shares of the bank’s stock worth $55,401,000 after purchasing an additional 12,831 shares during the period. 86.19% of the stock is currently owned by institutional investors.
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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