Umpqua Holdings Corporation (UMPQ) shares saw a recent bid of $18.71 and 2.83M shares have exchanged hands in the recent trading session, yielding a 9.29% gain over the past week. The stock price increased 4.00% or $-0.72 versus $17.99 at the end of the prior session. This change led market cap to move at $4.12B, putting the price -4.05% below the 52-week high and 28.06% above the 52-week low. The company’s stock has a normal trading capacity of 1.59M shares while the relative volume is 1.78.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $19.17 while $21.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $1.83 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $15.00, which would be decrease of about -20% of its current value. The mean target of $19.50 should be compared with the price when the stock was languishing around $14.61 a share. And it remains to be seen which target price UMPQ can achieve without sacrificing much as the company is holding a 19.32% gain for the past twelve months.
By historical standards, Umpqua Holdings Corporation remains a cheap stock. The company’s current price-earnings ratio amounts to 17.86 times earnings, below the average P/E ratio of 20.74 times earnings. For now, Umpqua Holdings Corporation is the toast of Wall Street as its ABR stands at 2.70 with 1 out of 10 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Umpqua Holdings Corporation has a 2.37% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Umpqua Holdings Corporation has far performed well this year, with the share price down -0.37% since January. Over the past 2 quarters, the stock is down -0.90%, compared with a gain of nearly 3.09% for 3 months and about 3.71% for the past 30 days.
Revenue for the quarter also did not kill consensus, coming in at $266.95M, compared to the consensus of 275.56M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.26. The company is expected to report EPS as high as $0.29 and as low as $0.24 per share. Similarly, full-year EPS forecasts have ranged between $1.00 and $1.10. The mean EPS estimate is $1.05. On the other side, sales forecasts for the current quarter are $285.37M. The stock is expected to report revenue as high as $293M and as low as $275.06M per share. Similarly, full-year sales forecasts have ranged between $1.1B and $1.16B. The mean revenue estimate is $1.14B.
Over the last 5 years, Umpqua Holdings Corporation has averaged a 10.20% YoY EPS growth rate and a 12.70% revenue growth rate. Analysts are expecting EPS growth rates to be at 4.90% this quarter and EPS estimate for next year reflect 16.02% growth rate.
Sell-side analysts also have something to say about this company. Hovde Group analysts stated on 06/03/2017 that they launched coverage on this stock with Market Perform rating. Wells Fargo had a markedly different take on 11/07/2016, proposing that Umpqua Holdings Corporation is now considered Market Perform versus prior Outperform rating. Raymond James had a markedly different take on 07/07/2016, proposing that Umpqua Holdings Corporation is now considered Outperform versus prior Strong Buy rating. Keefe Bruyette had a markedly different take on 22/04/2016, proposing that Umpqua Holdings Corporation is now considered Mkt Perform versus prior Outperform rating.