Umpqua Holdings Corporation (NASDAQ:UMPQ) saw a downside of -0.11% to close Tuesday at $17.49 after subtracting -$0.02 on the day. The 5-day average trading volume is 2,055,520 shares of the company’s common stock. It has gained $18.63 in the past week and touched a new high 2 times within the past 5 days. An average of 1,838,930 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,547,188.
UMPQ’s 1-month performance is -13.63% or -$2.76 on its low of $17.29 reached on 12/22/22. The company’s shares have touched a 52-week low of $15.77 and high of $22.06, with the stock’s rally to the 52-week high happening on 02/16/22. YTD, UMPQ has lost -9.10% or -$1.75 and has reached a new high 9 times. However, the current price is down -20.72% from the 52-week high price.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
UMPQ stock investors last saw insider trading activity on Nov 02.Nixon Torran B (Umpqua Bank President) most recently sold 5,000 shares at $19.97 per share on Nov 02. This transaction cost the insider $99,850. Umpqua Bank President, Nixon Torran B, sold 5,000 shares at a price of $17.58 on Jul 28. Then, on Apr 27, Umpqua Bank President Nixon Torran B sold 5,000 shares at a price of $17.67 per share. This transaction amounted to $88,350.
UMPQ stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.69 while the price-to-book (PB) in the most recent quarter is 1.57, with the price to cash flow ratio at 4.61.
As well, the company’s long term debt to equity for the quarter ending September 29 was 0.48, while the total debt to equity was 0.48. The firm’s gross profit as reported stood at $919.65 million against revenue of $962.04 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected UMPQ to announce $0.45 per share in earnings in its latest quarter, but it posted $0.39, representing a -13.30% surprise. Shareholders hold equity totaling $217.05 million.
Let’s look briefly at Umpqua Holdings Corporation (UMPQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 31.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.82%.
The stock’s 5-day moving average is $17.80, reflecting a -1.19% or -$0.21 change from its current price. UMPQ is currently trading -11.93% above its 20-day SMA, +0.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.17% and SMA200 by-16.16%.
Stochastic %K and %D was 13.39% and 15.44% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 34.17%, while the 14-day stochastic is at 13.33% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -0.41 on the 14-day charts.
In the most recent analyst report for Umpqua Holdings Corporation (NASDAQ: UMPQ), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for UMPQ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate UMPQ as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is UMPQ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.00 and a high of $22.00, with their median price target at $20.50. Looking at these predictions, the average price target given by analysts is for Umpqua Holdings Corporation (UMPQ) stock is $20.52.