Umpqua (UMPQ) Upgraded by Wedbush to “Outperform”

Wedbush upgraded shares of Umpqua (NASDAQ:UMPQ) from a neutral rating to an outperform rating in a research note published on Thursday morning. Wedbush currently has $25.00 target price on the bank’s stock. Wedbush also issued estimates for Umpqua’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.40 EPS and FY2019 earnings at $1.65 EPS.

UMPQ has been the topic of a number of other reports. ValuEngine raised shares of Umpqua from a hold rating to a buy rating in a research note on Monday, September 18th. Piper Jaffray Companies reiterated a sell rating and set a $16.50 target price on shares of Umpqua in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods reissued a hold rating and issued a $20.00 price target on shares of Umpqua in a research note on Monday, October 16th. Wells Fargo & Co raised their price target on Umpqua from $18.00 to $20.00 and gave the stock a market perform rating in a research report on Friday, October 20th. Finally, Barclays lifted their price objective on Umpqua from $19.00 to $20.00 and gave the stock an equal weight rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Umpqua currently has an average rating of Hold and a consensus price target of $20.94.

Umpqua (NASDAQ UMPQ) traded up $0.16 during trading on Thursday, reaching $20.97. 2,056,700 shares of the company’s stock were exchanged, compared to its average volume of 1,657,733. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua has a 52 week low of $16.65 and a 52 week high of $22.86. The firm has a market cap of $4,583.02, a P/E ratio of 19.78, a PEG ratio of 2.00 and a beta of 1.14.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter in the prior year, the firm earned $0.28 EPS. research analysts expect that Umpqua will post 1.03 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 28th. Umpqua’s dividend payout ratio is currently 67.93%.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Ffcm LLC lifted its holdings in shares of Umpqua by 150.1% during the 2nd quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,657 shares in the last quarter. Zions Bancorporation acquired a new position in shares of Umpqua in the 3rd quarter valued at approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. HighTower Advisors LLC bought a new stake in Umpqua during the 2nd quarter worth approximately $203,000. Finally, Raymond James Trust N.A. acquired a new stake in Umpqua during the 2nd quarter worth approximately $206,000. 88.15% of the stock is owned by hedge funds and other institutional investors.

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About Umpqua

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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