Umpqua Holdings Corporation (UMPQ) Receives Buy Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their buy rating on shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in a report released on Monday morning. SunTrust Banks, Inc. currently has a $23.00 price target on the bank’s stock. SunTrust Banks also issued estimates for Umpqua Holdings Corporation’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.24 EPS and FY2019 earnings at $1.49 EPS.
Several other equities research analysts also recently commented on the company. Barclays PLC raised their target price on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the company an equal weight rating in a report on Friday, October 20th. Wells Fargo & Company raised their target price on Umpqua Holdings Corporation from $18.00 to $20.00 and gave the company a market perform rating in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a hold rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Monday, October 16th. Piper Jaffray Companies reiterated a sell rating and set a $16.50 target price on shares of Umpqua Holdings Corporation in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Umpqua Holdings Corporation from a hold rating to a buy rating in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Umpqua Holdings Corporation has an average rating of Hold and a consensus target price of $20.06.
Umpqua Holdings Corporation (NASDAQ UMPQ) traded up $0.07 during trading on Monday, hitting $20.64. The stock had a trading volume of 738,228 shares, compared to its average volume of 1,530,000. The stock has a market cap of $4,430.00, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.12. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua Holdings Corporation has a 52 week low of $15.09 and a 52 week high of $20.98.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter last year, the business earned $0.28 earnings per share. analysts expect that Umpqua Holdings Corporation will post 1.04 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 67.92%.
In other Umpqua Holdings Corporation news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in Umpqua Holdings Corporation by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 17,684 shares of the bank’s stock valued at $325,000 after purchasing an additional 261 shares in the last quarter. World Asset Management Inc grew its stake in Umpqua Holdings Corporation by 2.1% during the 2nd quarter. World Asset Management Inc now owns 13,948 shares of the bank’s stock valued at $256,000 after purchasing an additional 290 shares in the last quarter. Amalgamated Bank grew its stake in Umpqua Holdings Corporation by 1.3% during the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after purchasing an additional 390 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Umpqua Holdings Corporation by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 124,181 shares of the bank’s stock valued at $2,203,000 after purchasing an additional 441 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Umpqua Holdings Corporation by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after purchasing an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation is a bank 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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