Umpqua Holdings Corp. (UMPQ) Sees Strong Trading Volume
Umpqua Holdings Corp. (NASDAQ:UMPQ) shares saw unusually-high trading volume on Monday . Approximately 1,405,944 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 1,517,151 shares.The stock last traded at $15.08 and had previously closed at $15.03.
UMPQ has been the topic of several analyst reports. Zacks Investment Research raised Umpqua Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Piper Jaffray Cos. reissued an “underweight” rating and set a $13.50 price target on shares of Umpqua Holdings Corp. in a report on Friday, June 17th. Citigroup Inc. lowered Umpqua Holdings Corp. to an “outperform” rating in a report on Thursday, July 7th. Raymond James Financial Inc. reissued an “outperform” rating on shares of Umpqua Holdings Corp. in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. lowered their price target on Umpqua Holdings Corp. from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.69.
The firm’s 50-day moving average is $15.74 and its 200 day moving average is $15.68. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.960 and a beta of 1.27.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a return on equity of 6.77% and a net margin of 18.90%. During the same period in the prior year, the business posted $0.31 earnings per share. Equities analysts forecast that Umpqua Holdings Corp. will post $1.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.26%. Umpqua Holdings Corp.’s payout ratio is currently 62.75%.
Several large investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its stake in shares of Umpqua Holdings Corp. by 0.3% in the second quarter. Ngam Advisors L.P. now owns 32,541 shares of the company’s stock worth $503,000 after buying an additional 105 shares during the period. Naples Global Advisors LLC boosted its position in Umpqua Holdings Corp. by 0.6% in the second quarter. Naples Global Advisors LLC now owns 21,380 shares of the company’s stock valued at $331,000 after buying an additional 125 shares in the last quarter. Reliance Trust Co. of Delaware boosted its position in Umpqua Holdings Corp. by 0.7% in the second quarter. Reliance Trust Co. of Delaware now owns 18,227 shares of the company’s stock valued at $282,000 after buying an additional 126 shares in the last quarter. Calvert Investment Management Inc. boosted its position in Umpqua Holdings Corp. by 0.9% in the second quarter. Calvert Investment Management Inc. now owns 17,694 shares of the company’s stock valued at $274,000 after buying an additional 156 shares in the last quarter. Finally, S. R. Schill & Associates boosted its position in Umpqua Holdings Corp. by 0.8% in the second quarter. S. R. Schill & Associates now owns 36,745 shares of the company’s stock valued at $568,000 after buying an additional 286 shares in the last quarter. Institutional investors own 91.73% of the company’s stock.
Umpqua Holdings Corp. Company Profile
Umpqua Holdings Corporation is a financial 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.
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