Umpqua - UMPQ Stock Forecast, Price & News

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. 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. It also provides loans for corporate and commercial customers, such as accounts receivable and inventory financing, multi-family and equipment loans, commercial equipment leases, international trade finance, real estate construction loans, permanent financing, and small business administration program financing, as well as capital markets and treasury management products. In addition, the company offers loan products, such as commercial and industrial loans; residential real estate loans for the construction, purchase, and refinancing of residential owner-occupied and rental properties; and consumer loans comprising secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. Further, it provides financial planning solutions; and online and mobile banking services. The company serves high net worth individuals and families, select non-profits, and professional services firms. As of December 31, 2021, it conducted commercial and retail banking activities at 234 locations, including 202 store locations in Oregon, Washington, California, Idaho, and Nevada; and operated 28 facilities for the purpose of administrative and other functions, such as back-office support, of which two are owned and 26 are leased. The company was founded in 1953 and is headquartered in Portland, Oregon.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UMPQ shares. Wedbush increased their price objective on Umpqua to $19.00 in a report on Friday, July 22nd. Truist Financial increased their price objective on Umpqua to $19.00 in a report on Monday, July 25th. Finally, TheStreet lowered Umpqua from a "b-" rating to a "c+" rating in a report on Friday, June 17th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Umpqua currently has an average rating of "Hold" and a consensus price target of $19.25.

Umpqua Stock Performance

UMPQ traded down $0.01 during midday trading on Thursday, reaching $19.08. The company's stock had a trading volume of 582,040 shares, compared to its average volume of 1,435,619. The stock has a market cap of $4.14 billion, a P/E ratio of 11.36 and a beta of 0.98. The company has a fifty day simple moving average of $17.31 and a 200 day simple moving average of $18.40. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Umpqua has a twelve month low of $15.77 and a twelve month high of $22.06.

Umpqua (NASDAQ:UMPQ - Get Rating) last released its earnings results on Wednesday, July 20th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The business had revenue of $303.41 million during the quarter, compared to analyst estimates of $298.36 million. Umpqua had a net margin of 28.88% and a return on equity of 13.88%. The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Research analysts expect that Umpqua will post 1.75 earnings per share for the current year.

Umpqua Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.84 dividend on an annualized basis and a yield of 4.40%. This is a positive change from Umpqua's previous quarterly dividend of $0.18. Umpqua's dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In other Umpqua news, insider Torran B. Nixon sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $17.58, for a total value of $87,900.00. Following the completion of the sale, the insider now owns 211,033 shares in the company, valued at approximately $3,709,960.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.58% of the company's stock.