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. “
A number of other equities analysts also recently commented on UMPQ. BidaskClub raised shares of Umpqua from a sell rating to a hold rating in a report on Tuesday, May 7th. DA Davidson reaffirmed a buy rating on shares of Umpqua in a report on Thursday, April 18th. Finally, Stephens reaffirmed a hold rating and set a $21.00 price objective on shares of Umpqua in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $22.44.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $283.43 million for the quarter, compared to the consensus estimate of $301.29 million. Umpqua had a return on equity of 7.91% and a net margin of 23.20%. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, equities research analysts predict that Umpqua will post 1.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, June 27th. Umpqua’s payout ratio is presently 57.53%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bremer Trust National Association acquired a new stake in Umpqua in the 4th quarter valued at about $27,000. Financial Advocates Investment Management grew its position in shares of Umpqua by 45.1% during the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock worth $43,000 after buying an additional 1,001 shares during the period. JOYN Advisors Inc. grew its position in shares of Umpqua by 60.9% during the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock worth $54,000 after buying an additional 1,294 shares during the period. Toronto Dominion Bank grew its position in shares of Umpqua by 12,996.9% during the 4th quarter. Toronto Dominion Bank now owns 4,191 shares of the bank’s stock worth $67,000 after buying an additional 4,159 shares during the period. Finally, Pearl River Capital LLC grew its position in shares of Umpqua by 1,434.7% during the 1st quarter. Pearl River Capital LLC now owns 4,604 shares of the bank’s stock worth $76,000 after buying an additional 4,304 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.
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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