Umpqua (NASDAQ:UMPQ) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Umpqua (NASDAQ:UMPQ – Get Rating) in a report issued on Saturday morning. The brokerage issued a sell rating on the bank’s stock.

Separately, Wells Fargo & Company upgraded shares of Umpqua from an equal weight rating to an overweight rating and raised their price objective for the stock from $20.00 to $22.00 in a research note on Thursday, December 15th.

Umpqua Price Performance

Shares of Umpqua stock remained flat at $17.66 during midday trading on Friday. The business’s 50-day simple moving average is $17.98 and its 200 day simple moving average is $18.29. The firm has a market cap of $3.83 billion, a PE ratio of 11.39 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. Umpqua has a fifty-two week low of $15.77 and a fifty-two week high of $21.50.

Umpqua (NASDAQ:UMPQ – Get Rating) last announced its quarterly earnings data on Monday, January 23rd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). The company had revenue of $387.13 million during the quarter, compared to analyst estimates of $350.20 million. Umpqua had a return on equity of 14.96% and a net margin of 24.99%. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities research analysts anticipate that Umpqua will post 2.33 earnings per share for the current fiscal year.

Umpqua Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 6th. Shareholders of record on Monday, January 23rd were paid a dividend of $0.21 per share. The ex-dividend date was Friday, January 20th. This represents a $0.84 dividend on an annualized basis and a yield of 4.76%. Umpqua’s dividend payout ratio is currently 54.19%.

Institutional Investors Weigh In On Umpqua

A number of institutional investors have recently bought and sold shares of UMPQ. Bessemer Group Inc. boosted its stake in Umpqua by 65.5% during the third quarter. Bessemer Group Inc. now owns 1,572 shares of the bank’s stock worth $27,000 after buying an additional 622 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Umpqua by 88.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,717 shares of the bank’s stock worth $31,000 after buying an additional 807 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Umpqua by 138.7% during the first quarter. Lazard Asset Management LLC now owns 2,461 shares of the bank’s stock worth $46,000 after buying an additional 1,430 shares in the last quarter. Signaturefd LLC boosted its stake in Umpqua by 38.9% during the third quarter. Signaturefd LLC now owns 2,770 shares of the bank’s stock worth $47,000 after buying an additional 776 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of Umpqua in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

About Umpqua

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Umpqua Holdings Corp. operates as a bank holding company, which provides banking and financial services. The firm operates through the following segments: Wholesale Bank, Wealth Management, Retail Bank and Home Lending. The Wholesale Bank segment includes lending, treasury and cash management services and customer risk management products to middle market corporate, commercial and business banking customers and the operations of FinPac.