Umpqua (UMPQ) Stock Rating Upgraded by BidaskClub
Umpqua (NASDAQ:UMPQ) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.
A number of other research analysts also recently issued reports on the company. Barclays upped their price target on Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Wells Fargo & Co upped their price objective on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Umpqua in a research report on Monday, October 16th. SunTrust Banks reiterated a “buy” rating and set a $23.00 price objective on shares of Umpqua in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Umpqua has an average rating of “Buy” and an average price target of $21.80.
Umpqua (NASDAQ UMPQ) opened at $20.52 on Wednesday. The stock has a market capitalization of $4,667.16, a price-to-earnings ratio of 18.16, a PEG ratio of 1.81 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Umpqua has a 1-year low of $16.65 and a 1-year high of $22.89.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the completion of the sale, the chief financial officer now owns 188,809 shares in the company, valued at $4,049,953.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its position in Umpqua by 0.7% in the third quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock worth $106,980,000 after buying an additional 38,047 shares in the last quarter. First Trust Advisors LP increased its position in Umpqua by 69.1% in the fourth quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock worth $54,205,000 after buying an additional 1,064,635 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Umpqua in the second quarter worth about $38,607,000. JPMorgan Chase & Co. increased its position in Umpqua by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 1,923,159 shares of the bank’s stock worth $37,752,000 after buying an additional 74,244 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Umpqua by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock worth $36,260,000 after buying an additional 85,687 shares in the last quarter. Institutional investors own 88.19% of the company’s stock.
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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