Umpqua Holdings Corporation (NASDAQ:UMPQ) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,170,187 shares, an increase of 33.3% from the August 15th total of 3,127,813 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 833,837 shares, the days-to-cover ratio is currently 5.0 days.
Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 18.98 on Thursday. The firm’s 50-day moving average price is $17.74 and its 200-day moving average price is $17.88. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 17.91 and a beta of 1.12. Umpqua Holdings Corporation has a 12-month low of $14.78 and a 12-month high of $19.50.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same quarter in the previous year, the company earned $0.25 EPS. On average, equities analysts predict that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.18 dividend. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 3.79%. Umpqua Holdings Corporation’s dividend payout ratio is presently 60.38%.
Institutional investors and hedge funds have recently modified their holdings of the business. Ffcm LLC increased its position in Umpqua Holdings Corporation by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after buying an additional 3,657 shares in the last quarter. Huntington National Bank increased its position in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after buying an additional 1,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after buying an additional 632 shares in the last quarter. Elkfork Partners LLC increased its position in Umpqua Holdings Corporation by 27.2% in the first quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock worth $162,000 after buying an additional 1,958 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Umpqua Holdings Corporation by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock worth $179,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.
UMPQ has been the subject of several recent research reports. ValuEngine lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Thursday, June 8th. BidaskClub raised Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Wedbush initiated coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.17.
Umpqua Holdings Corporation 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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