Umpqua (NASDAQ:UMPQ) Upgraded to Sell by BidaskClub

Umpqua (NASDAQ:UMPQ) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, June 29th, BidAskClub reports.

UMPQ has been the topic of several other reports. DA Davidson restated a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Friday, June 28th. Finally, Stephens set a $22.00 price target on Home Bancshares and gave the company a “buy” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.43.

Shares of Umpqua stock traded up $0.35 during trading on Friday, reaching $16.80. The company’s stock had a trading volume of 2,895,355 shares, compared to its average volume of 1,616,346. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.99 and a current ratio of 1.01. The stock has a fifty day moving average price of $16.57. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. Umpqua has a one year low of $15.09 and a one year high of $22.79.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The business had revenue of $348.99 million for the quarter, compared to analyst estimates of $300.90 million. Umpqua had a return on equity of 8.71% and a net margin of 25.09%. During the same period in the previous year, the company posted $0.31 earnings per share. On average, equities research analysts anticipate that Umpqua will post 1.54 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMPQ. Bremer Trust National Association acquired a new position in shares of Umpqua in the 4th quarter worth approximately $27,000. Financial Advocates Investment Management boosted its holdings in shares of Umpqua by 45.1% in the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock worth $43,000 after acquiring an additional 1,001 shares in the last quarter. JOYN Advisors Inc. boosted its holdings in shares of Umpqua by 60.9% in the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock worth $54,000 after acquiring an additional 1,294 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Umpqua by 12,996.9% in the 4th quarter. Toronto Dominion Bank now owns 4,191 shares of the bank’s stock worth $67,000 after acquiring an additional 4,159 shares in the last quarter. Finally, Pearl River Capital LLC boosted its holdings in shares of Umpqua by 1,434.7% in the 1st quarter. Pearl River Capital LLC now owns 4,604 shares of the bank’s stock worth $76,000 after acquiring an additional 4,304 shares in the last quarter. 87.55% of the stock is currently owned by institutional investors.

About Umpqua

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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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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