Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Friday, Zacks.com reports.
According to Zacks, "UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. "
Several other analysts have also commented on UMPQ. BidaskClub lowered Umpqua from a "sell" rating to a "strong sell" rating in a research note on Friday, May 8th. ValuEngine raised Umpqua from a "sell" rating to a "hold" rating in a research note on Friday, May 1st. SunTrust Banks decreased their price target on Umpqua from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday. TheStreet lowered Umpqua from a "c" rating to a "d" rating in a research note on Tuesday, May 12th. Finally, DA Davidson decreased their price target on Umpqua from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. The stock currently has a consensus rating of "Hold" and an average target price of $16.67.
Shares of UMPQ traded down $0.35 on Friday, reaching $10.70. 55,583 shares of the stock traded hands, compared to its average volume of 1,828,291. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 9.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.98. Umpqua has a 12 month low of $8.88 and a 12 month high of $18.94. The stock's 50-day moving average price is $10.89 and its 200-day moving average price is $14.91.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.42). The firm had revenue of $259.18 million for the quarter, compared to the consensus estimate of $290.59 million. Umpqua had a net margin of 17.34% and a return on equity of 6.57%. The business's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that Umpqua will post 0.55 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Waddell & Reed Financial Inc. boosted its stake in Umpqua by 3.3% in the first quarter. Waddell & Reed Financial Inc. now owns 1,454,576 shares of the bank's stock worth $15,855,000 after purchasing an additional 46,130 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in Umpqua in the first quarter worth $919,000. Jane Street Group LLC boosted its stake in Umpqua by 795.3% in the first quarter. Jane Street Group LLC now owns 206,892 shares of the bank's stock worth $2,255,000 after purchasing an additional 183,783 shares in the last quarter. AXA boosted its stake in Umpqua by 33.6% in the first quarter. AXA now owns 416,802 shares of the bank's stock worth $4,543,000 after purchasing an additional 104,900 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Umpqua by 6.5% in the first quarter. Morgan Stanley now owns 733,924 shares of the bank's stock worth $7,999,000 after purchasing an additional 44,690 shares in the last quarter. 85.21% 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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