71.6 F
New York
Tuesday, September 29, 2020

Umpqua Holdings Corporation (NASDAQ:UMPQ) is Waving the Bull Flag

Must read

Ovintiv Inc. (NYSE:OVV) on the Path to Profitability

Ovintiv Inc. (OVV) shares are trading at higher $8.79 and the avg recommendation for the stock is Moderate Buy. To add more color to...

SM Energy Company (NYSE:SM) Finding Strong Support

SM Energy Company (SM) shares are trading at higher $1.73 and the avg recommendation for the stock is Moderate Buy. To add more color...

Investor Confidence is Rising for Colony Capital Inc. (NYSE:CLNY)

Colony Capital Inc. (CLNY) shares are trading at higher $2.73 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Unprecedented Rise of B2Gold Corp. (AMEX:BTG)

B2Gold Corp. (BTG) shares are trading at higher $6.48 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

The Umpqua Holdings Corporation (UMPQ) shares are trading at higher $10.41 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $13.25.

To add more color to this target, the company’s high over the last year is $18.94 and the low is $8.88. Over the last 52 weeks, UMPQ is down -45.04% while the S&P 500 is up 1.02%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, UMPQ reported a profit of $218.53 million. Umpqua Holdings Corporation also saw revenues increase to $268.17 million. In addition, UMPQ has free cash flow of -$122.66 million as of 03-2020.

UMPQ Return on Equity (ROE) is -41.00%, and its Return on Assets is -5.50%. All told, it is clear that, UMPQ needs to be on your watchlist.

Find out when UMPQ reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UMPQ has a short ratio of 2.09 and outstanding shares of 220.22M.

Company Outlook

UMPQ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.08 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -7.14. Investors should also keep an eye on sector updates as UMPQ has historically followed its peers on positive news.

All told, Umpqua Holdings Corporation UMPQ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UMPQ represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Umpqua Holdings Corporation UMPQ is now commanding a market cap of 2.17B and a float of 218.29M. UMPQ is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UMPQ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UMPQ, either long or short, and we have not been compensated for this article.

Latest article

New Residential Investment Corp. (NYSE:NRZ) Stock is Soaring, Here is Why

New Residential Investment Corp. (NRZ) shares are trading at higher $8.19 and the avg recommendation for the stock is Strong Buy, while the current...

Exelon Corporation (NASDAQ:EXC) is Holding Steady

Exelon Corporation (EXC) shares are trading at higher $35.74 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Investor Confidence is Rising for Li Auto Inc. (NASDAQ:LI)

Li Auto Inc. (LI) shares are trading at higher $16.08 and the avg recommendation for the stock is Strong Buy, while the current analyst...

American Eagle Outfitters Inc. (NYSE:AEO) is Gaining Momentum on Earnings Catalyst

American Eagle Outfitters Inc. (AEO) shares are trading at higher $14.84 and the avg recommendation for the stock is Moderate Buy, while the current...

The Rejuvenation of Galectin Therapeutics Inc. (NASDAQ:GALT)

Galectin Therapeutics Inc. (GALT) shares are trading at higher $3.64 and the avg recommendation for the stock is Moderate Buy. To add more color...