Umpqua Stock Hits New 52-Week High (UMPQ)

NEW YORK ( TheStreet) -- Umpqua Holdings Corporation (Nasdaq: UMPQ) hit a new 52-week high Friday as it is currently trading at $13.40, above its previous 52-week high of $13.38 with 789,460 shares traded as of 11:15 a.m. ET. Average volume has been 973,900 shares over the past 30 days.

Umpqua has a market cap of $1.47 billion and is part of the financial sector and banking industry. Shares are up 6.1% year to date as of the close of trading on Thursday.

Umpqua Holdings Corporation operates as a holding company for Umpqua Bank and Umpqua Investments, Inc. The company has a P/E ratio of 19.8, below the average banking industry P/E ratio of 24.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Umpqua as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Umpqua Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Community Banks Feeling Share-Price Pressure as Overexposure to CRE Loans Grows

Bullish and Bearish Reversals for This Week

Community Banks' Increasing Real Estate Loans Exposure Problematic

Ignore Bullish Hype on Rate Hikes -- Book Profits on Community Banks Now

Buy-Rated Dividend Stocks In The Top 3: PACW, PPL, UMPQ