Zacks Investment Research Downgrades Umpqua (NASDAQ:UMPQ) to Sell

Share on StockTwits

Umpqua (NASDAQ:UMPQ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “

A number of other research firms have also recently issued reports on UMPQ. ValuEngine raised Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stephens reissued a “hold” rating and set a $18.00 price objective on shares of Umpqua in a research report on Thursday, July 18th. BidaskClub cut Umpqua from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. SunTrust Banks reduced their price objective on Umpqua from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Raymond James set a $17.00 price objective on Umpqua and gave the company a “buy” rating in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.67.

Shares of Umpqua stock opened at $15.86 on Friday. The stock has a market cap of $3.47 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08. The business has a fifty day simple moving average of $16.15 and a 200-day simple moving average of $16.59. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.34. Umpqua has a 12 month low of $15.06 and a 12 month high of $20.39.

Umpqua (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 16th. The bank reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $317.49 million during the quarter, compared to analysts’ expectations of $302.20 million. Umpqua had a return on equity of 8.41% and a net margin of 24.20%. During the same quarter last year, the firm posted $0.41 earnings per share. Analysts expect that Umpqua will post 1.59 EPS for the current fiscal year.

In other Umpqua news, EVP Torran B. Nixon sold 5,303 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $15.31, for a total transaction of $81,188.93. Following the transaction, the executive vice president now directly owns 103,344 shares in the company, valued at $1,582,196.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Luis Machuca sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $16.77, for a total value of $167,700.00. Following the transaction, the director now owns 7,954 shares in the company, valued at $133,388.58. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. AGF Investments LLC raised its holdings in Umpqua by 456.0% during the second quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock valued at $43,000 after buying an additional 2,134 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in Umpqua during the second quarter valued at about $87,000. CWM LLC raised its holdings in Umpqua by 3,046.5% during the second quarter. CWM LLC now owns 7,237 shares of the bank’s stock valued at $120,000 after buying an additional 7,007 shares in the last quarter. HighTower Advisors LLC bought a new position in Umpqua during the second quarter valued at about $180,000. Finally, WINTON GROUP Ltd bought a new position in shares of Umpqua in the second quarter worth about $190,000. Institutional investors own 86.16% of the company’s stock.

Umpqua Company Profile

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.

Featured Article: Exchange-Traded Funds (ETFs)

Get a free copy of the Zacks research report on Umpqua (UMPQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.