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Conference/Events
Umpqua Holdings management to meet virtually with Truist » 04:55
10/28/20
10/28
04:55
10/28/20
04:55
UMPQ

Umpqua Holdings

$12.52 /

-0.83 (-6.22%)

Virtual Meetings to be…

Virtual Meetings to be held on October 27-28 hosted by Truist.

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UMPQ Umpqua Holdings
$12.52 /

-0.83 (-6.22%)

10/27/20
Fly Intel: Top five analyst downgrades
10/27/20 JPMorgan
JPMorgan cuts Umpqua to Underweight, sees 'tinder box for downgrades'
10/27/20 Stephens
Umpqua Holdings resumed with an Overweight at Stephens
10/27/20 JPMorgan
Umpqua Holdings downgraded to Underweight from Neutral at JPMorgan
UMPQ Umpqua Holdings
$12.52 /

-0.83 (-6.22%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:52
10/27/20
10/27
09:52
10/27/20
09:52
CATB

Catabasis Pharmaceuticals

$1.79 /

-3.56 (-66.54%)

, PDYPY

Flutter Entertainment

$0.00 /

+ (+0.00%)

, SAP

SAP

$117.68 /

+2.83 (+2.46%)

, WM

Waste Management

$111.64 /

-1.75 (-1.54%)

, UMPQ

Umpqua Holdings

$13.04 /

-0.31 (-2.32%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Catabasis downgraded to Neutral from Buy at H.C. Wainwright with analyst Joseph Pantginis saying that the PolarisDMD study with edasalonexent in patients with Duchenne muscular dystrophy not meeting its primary or secondary endpoints is a "major hit" to the overall thesis for Catabasis as the company's clinical trials and plans were almost exclusively based on testing edasalonexent drug in a risky indication. 2. Flutter Entertainment (PDYPY) cut to Sector Perform from Outperform at RBC Capital with analyst Christine Zhou saying that while she is downgrading the stock after a "great run," she will watch for additional catalysts in the future. 3. SAP (SAP) downgraded to In Line from Outperform at Evercore ISI. 4. Waste Management (WM) downgraded to Underperform from Neutral at BofA with analyst Michael Feniger saying he views Waste Management as "most vulnerable to a rotation" amongst its peers given its higher urban mix, challenging comps and synergy expectations. 5. Umpqua Holdings (UMPQ) downgraded to Underweight from Neutral at JPMorgan with analyst Steven Alexopoulos saying the Q3 earnings beat stemmed from a reserve release and surge in mortgage banking, and neither of these is likely to remain sustainable at the Q3 level. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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WM Waste Management
$111.64 /

-1.75 (-1.54%)

SAP SAP
$117.68 /

+2.83 (+2.46%)

PDYPY Flutter Entertainment
$0.00 /

+ (+0.00%)

CATB Catabasis Pharmaceuticals
$1.79 /

-3.56 (-66.54%)

CATB Catabasis Pharmaceuticals
$1.79 /

-3.56 (-66.54%)

10/27/20 H.C. Wainwright
Catabasis downgraded to Neutral from Buy at H.C. Wainwright
10/27/20 Oppenheimer
Catabasis downgraded to Perform from Outperform at Oppenheimer
10/01/20 H.C. Wainwright
Catabasis Pharmaceuticals initiated with a Buy at H.C. Wainwright
11/08/19 Oppenheimer
Catabasis Pharmaceuticals price target lowered to $60 from $72 at Oppenheimer
PDYPY Flutter Entertainment
$0.00 /

+ (+0.00%)

10/27/20 RBC Capital
Flutter Entertainment cut to Sector Perform from Outperform at RBC Capital
09/22/20 Morgan Stanley
Barstool Sportsbook app 'bullish' for the sector, says Morgan Stanley
09/15/20 Oppenheimer
DraftKings price target raised to $55 from $50 at Oppenheimer
09/14/20 Deutsche Bank
Flutter price target raised to 11,800 GBp from 10,200 GBp at Deutsche Bank
SAP SAP
$117.68 /

+2.83 (+2.46%)

10/27/20 RBC Capital
SAP price target lowered to $110 from $162 at RBC Capital
10/27/20 BMO Capital
SAP price target lowered to $127 from $170 at BMO Capital
10/27/20 Cowen
SAP price target lowered to $120 from $165 at Cowen
10/27/20 Evercore ISI
SAP downgraded to In Line from Outperform at Evercore ISI
WM Waste Management
$111.64 /

-1.75 (-1.54%)

10/27/20 BofA
Waste Management downgraded to Underperform on rotation risk at BofA
10/27/20 BofA
Waste Management downgraded to Underperform from Neutral at BofA
10/13/20 Morgan Stanley
Waste Management initiated with an Equal Weight at Morgan Stanley
09/23/20
Fly Intel: Top five analyst downgrades
UMPQ Umpqua Holdings
$13.04 /

-0.31 (-2.32%)

10/27/20 JPMorgan
JPMorgan cuts Umpqua to Underweight, sees 'tinder box for downgrades'
10/27/20 Stephens
Umpqua Holdings resumed with an Overweight at Stephens
10/27/20 JPMorgan
Umpqua Holdings downgraded to Underweight from Neutral at JPMorgan
10/08/20 Wells Fargo
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo
WM Waste Management
$111.64 /

-1.75 (-1.54%)

UMPQ Umpqua Holdings
$13.04 /

-0.31 (-2.32%)

SAP SAP
$117.68 /

+2.83 (+2.46%)

  • 30
    Jan
WM Waste Management
$111.64 /

-1.75 (-1.54%)

SAP SAP
$117.68 /

+2.83 (+2.46%)

PDYPY Flutter Entertainment
$0.00 /

+ (+0.00%)

WM Waste Management
$111.64 /

-1.75 (-1.54%)

SAP SAP
$117.68 /

+2.83 (+2.46%)

PDYPY Flutter Entertainment
$0.00 /

+ (+0.00%)

CATB Catabasis Pharmaceuticals
$1.79 /

-3.56 (-66.54%)

Conference/Events
Umpqua Holdings management to meet virtually with Truist » 09:46
10/27/20
10/27
09:46
10/27/20
09:46
UMPQ

Umpqua Holdings

$13.00 /

-0.35 (-2.62%)

Virtual Meetings to be…

Virtual Meetings to be held on October 27-28 hosted by Truist.

ShowHide Related Items >><<
UMPQ Umpqua Holdings
$13.00 /

-0.35 (-2.62%)

10/27/20 JPMorgan
JPMorgan cuts Umpqua to Underweight, sees 'tinder box for downgrades'
10/27/20 Stephens
Umpqua Holdings resumed with an Overweight at Stephens
10/27/20 JPMorgan
Umpqua Holdings downgraded to Underweight from Neutral at JPMorgan
10/08/20 Wells Fargo
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo
UMPQ Umpqua Holdings
$13.00 /

-0.35 (-2.62%)

Downgrade
JPMorgan cuts Umpqua to Underweight, sees 'tinder box for downgrades' » 08:18
10/27/20
10/27
08:18
10/27/20
08:18
UMPQ

Umpqua Holdings

$13.35 /

-0.03 (-0.22%)

JPMorgan analyst Steven…

JPMorgan analyst Steven Alexopoulos downgraded Umpqua Holdings to Underweight from Neutral with an unchanged price target of $11.50. The Q3 earnings beat stemmed from a reserve release and surge in mortgage banking, and neither of these is likely to remain sustainable at the Q3 level, Alexopoulos tells investors in a research note. The tailwind from mortgage will fade over time and eventually be replaced with a headwind from outsized downward pressure on PTPP income, says the analyst. With the vast majority of analysts rating Umpqua shares at outperform, combined with the premium multiple on 2022 estimated earnings, the stock "could become a tinder box for downgrades."

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UMPQ Umpqua Holdings
$13.35 /

-0.03 (-0.22%)

10/27/20 Stephens
Umpqua Holdings resumed with an Overweight at Stephens
10/27/20 JPMorgan
Umpqua Holdings downgraded to Underweight from Neutral at JPMorgan
10/08/20 Wells Fargo
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo
06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
UMPQ Umpqua Holdings
$13.35 /

-0.03 (-0.22%)

Initiation
Umpqua Holdings resumed with an Overweight at Stephens » 06:44
10/27/20
10/27
06:44
10/27/20
06:44
UMPQ

Umpqua Holdings

$13.35 /

-0.03 (-0.22%)

Stephens analyst Andrew…

Stephens analyst Andrew Terrell resumed coverage of Umpqua Holdings with an Overweight rating and $16 price target. He views the company's new cost cutting plan positively given the belief that it should help to partially offset headwinds from a more normalized mortgage environment, Terrell tells investors. He also believes the company's "NextGen 2.0" growth guidance could prove conservative, Terrell said.

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UMPQ Umpqua Holdings
$13.35 /

-0.03 (-0.22%)

10/27/20 JPMorgan
Umpqua Holdings downgraded to Underweight from Neutral at JPMorgan
10/08/20 Wells Fargo
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo
06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
UMPQ Umpqua Holdings
$13.35 /

-0.03 (-0.22%)

Downgrade
Umpqua Holdings downgraded to Underweight from Neutral at JPMorgan » 04:40
10/27/20
10/27
04:40
10/27/20
04:40
UMPQ

Umpqua Holdings

$13.35 /

-0.03 (-0.22%)

JPMorgan analyst Steven…

JPMorgan analyst Steven Alexopoulos downgraded Umpqua Holdings to Underweight from Neutral with a $11.50 price target.

ShowHide Related Items >><<
UMPQ Umpqua Holdings
$13.35 /

-0.03 (-0.22%)

10/08/20 Wells Fargo
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo
06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
UMPQ Umpqua Holdings
$13.35 /

-0.03 (-0.22%)

Earnings
Umpqua Holdings reports Q3 EPS 57c, consensus 35c » 16:19
10/21/20
10/21
16:19
10/21/20
16:19
UMPQ

Umpqua Holdings

$12.77 /

-0.04 (-0.31%)

Q3 provision for credit…

Q3 provision for credit losses decreased by $87.4M vs. previous quarter and $23.6M vs. the prior year to $204.83M, due to changes in loan portfolio mix and balances as well as the stabilization of credit quality metrics and economic forecasts used in credit models. Net charge-offs were ($51.35M) vs. (44.85M) a year ago, and decreased by five basis points to 0.24% of average loans and leases, annualized. As of September 30, the company's tangible book value per common share was $11.77, compared to $11.44 in the prior quarter and $11.27 in the same period of the prior year. "Umpqua's Q3 results represent a record level of net income driven by another outstanding performance by our home lending division who generated production of $2.2B this past quarter and by a continued decline in our cost of interest bearing deposits. In addition, we remain confident in the credit quality of our loan portfolio as our current deferral levels decreased to 2.3%." said Cort O'Haver, CEO. "We launched Next Gen 2.0 this quarter as a continuation of the great progress we have made these past three years modernizing the bank, advancing technology initiatives and improving operating leverage."

ShowHide Related Items >><<
UMPQ Umpqua Holdings
$12.77 /

-0.04 (-0.31%)

10/08/20 Wells Fargo
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo
06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
UMPQ Umpqua Holdings
$12.77 /

-0.04 (-0.31%)

Upgrade
Umpqua Holdings upgraded to Overweight from Equal Weight at Wells Fargo » 06:08
10/08/20
10/08
06:08
10/08/20
06:08
UMPQ

Umpqua Holdings

$12.46 /

+0.455 (+3.79%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw upgraded Umpqua Holdings to Overweight from Equal Weight with a price target of $14, up from $12. Shaw says Umpqua is the best positioned name in his coverage and says its strong ACL, coupled with lower exposure to at-risk industries, should limit a future reserve build, while continued mortgage banking strength and a 6.7% dividend yield provides support and drives a capital return among the best in the market. Shaw believes its strong fee income stream and additional cost cutting opportunity provide further runway for valuation improvement.

ShowHide Related Items >><<
UMPQ Umpqua Holdings
$12.46 /

+0.455 (+3.79%)

06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
UMPQ Umpqua Holdings
$12.46 /

+0.455 (+3.79%)

Over a quarter ago
Conference/Events
DA Davidson to hold a virtual tour » 04:55
08/27/20
08/27
04:55
08/27/20
04:55
BANR

Banner Corp.

$35.74 /

-0.82 (-2.24%)

, FFNW

First Financial Northwest

$9.28 /

+ (+0.00%)

, FFWM

First Foundation

$15.30 /

-0.225 (-1.45%)

, FSBW

FS Bancorp

$39.41 /

+0.15 (+0.38%)

, HFWA

Heritage Financial

$19.68 /

-0.55 (-2.72%)

, HMST

HomeStreet

$27.61 /

-0.54 (-1.92%)

, HOPE

Hope Bancorp

$8.45 /

-0.195 (-2.26%)

, UMPQ

Umpqua Holdings

$11.23 /

-0.19 (-1.66%)

West Coast Virtual Bank…

West Coast Virtual Bank Tour will be held on August 25-27.

ShowHide Related Items >><<
UMPQ Umpqua Holdings
$11.23 /

-0.19 (-1.66%)

HMST HomeStreet
$27.61 /

-0.54 (-1.92%)

HFWA Heritage Financial
$19.68 /

-0.55 (-2.72%)

FFWM First Foundation
$15.30 /

-0.225 (-1.45%)

FFNW First Financial Northwest
$9.28 /

+ (+0.00%)

BANR Banner Corp.
$35.74 /

-0.82 (-2.24%)

BANR Banner Corp.
$35.74 /

-0.82 (-2.24%)

04/01/20 Keefe Bruyette
Banner Corp. upgraded to Outperform from Market Perform at Keefe Bruyette
FFNW First Financial Northwest
$9.28 /

+ (+0.00%)

FFWM First Foundation
$15.30 /

-0.225 (-1.45%)

07/22/20 B. Riley Securities
First Foundation price target raised to $21 from $19 at B. Riley FBR
06/10/20 Raymond James
First Foundation price target raised to $19 from $13 at Raymond James
04/24/20 Piper Sandler
First Foundation upgraded to Overweight from Neutral at Piper Sandler
03/24/20
Fly Intel: Top five analyst initiations
FSBW FS Bancorp
$39.41 /

+0.15 (+0.38%)

06/17/20 Raymond James
FS Bancorp upgraded to Outperform from Market Perform at Raymond James
06/17/20 Raymond James
FS Bancorp upgraded to Outperform from Market Perform at Raymond James
01/07/20 Raymond James
FS Bancorp downgraded to Market Perform on valuation at Raymond James
01/07/20 Raymond James
FS Bancorp downgraded to Market Perform from Outperform at Raymond James
HFWA Heritage Financial
$19.68 /

-0.55 (-2.72%)

11/12/19 DA Davidson
Heritage Financial downgraded to Neutral from Buy at DA Davidson
11/12/19 DA Davidson
Heritage Financial downgraded to Neutral from Buy at DA Davidson
HMST HomeStreet
$27.61 /

-0.54 (-1.92%)

06/25/20
Fly Intel: Top five analyst initiations
06/25/20 Wedbush
Wedbush initiates HomeStreet with Neutral given valuation, loan/deposit growth
06/24/20 Wedbush
HomeStreet initiated with a Neutral at Wedbush
03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
HOPE Hope Bancorp
$8.45 /

-0.195 (-2.26%)

UMPQ Umpqua Holdings
$11.23 /

-0.19 (-1.66%)

06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
UMPQ Umpqua Holdings
$11.23 /

-0.19 (-1.66%)

HOPE Hope Bancorp
$8.45 /

-0.195 (-2.26%)

HMST HomeStreet
$27.61 /

-0.54 (-1.92%)

HFWA Heritage Financial
$19.68 /

-0.55 (-2.72%)

FSBW FS Bancorp
$39.41 /

+0.15 (+0.38%)

FFWM First Foundation
$15.30 /

-0.225 (-1.45%)

FFNW First Financial Northwest
$9.28 /

+ (+0.00%)

BANR Banner Corp.
$35.74 /

-0.82 (-2.24%)

UMPQ Umpqua Holdings
$11.23 /

-0.19 (-1.66%)

FFWM First Foundation
$15.30 /

-0.225 (-1.45%)

HMST HomeStreet
$27.61 /

-0.54 (-1.92%)

Conference/Events
DA Davidson to hold a virtual tour » 04:55
08/26/20
08/26
04:55
08/26/20
04:55
BANR

Banner Corp.

$36.56 /

+0.86 (+2.41%)

, FFNW

First Financial Northwest

$9.28 /

+0.05 (+0.54%)

, FFWM

First Foundation

$15.53 /

+0.065 (+0.42%)

, FSBW

FS Bancorp

$39.26 /

-0.23 (-0.58%)

, HFWA

Heritage Financial

$20.23 /

+0.02 (+0.10%)

, HMST

HomeStreet

$28.15 /

-0.01 (-0.04%)

, HOPE

Hope Bancorp

$8.65 /

-0.01 (-0.12%)

, UMPQ

Umpqua Holdings

$11.42 /

-0.17 (-1.47%)

West Coast Virtual Bank…

West Coast Virtual Bank Tour will be held on August 25-27.

ShowHide Related Items >><<
UMPQ Umpqua Holdings
$11.42 /

-0.17 (-1.47%)

HMST HomeStreet
$28.15 /

-0.01 (-0.04%)

HFWA Heritage Financial
$20.23 /

+0.02 (+0.10%)

FFWM First Foundation
$15.53 /

+0.065 (+0.42%)

FFNW First Financial Northwest
$9.28 /

+0.05 (+0.54%)

BANR Banner Corp.
$36.56 /

+0.86 (+2.41%)

BANR Banner Corp.
$36.56 /

+0.86 (+2.41%)

04/01/20 Keefe Bruyette
Banner Corp. upgraded to Outperform from Market Perform at Keefe Bruyette
FFNW First Financial Northwest
$9.28 /

+0.05 (+0.54%)

FFWM First Foundation
$15.53 /

+0.065 (+0.42%)

07/22/20 B. Riley Securities
First Foundation price target raised to $21 from $19 at B. Riley FBR
06/10/20 Raymond James
First Foundation price target raised to $19 from $13 at Raymond James
04/24/20 Piper Sandler
First Foundation upgraded to Overweight from Neutral at Piper Sandler
03/24/20
Fly Intel: Top five analyst initiations
FSBW FS Bancorp
$39.26 /

-0.23 (-0.58%)

06/17/20 Raymond James
FS Bancorp upgraded to Outperform from Market Perform at Raymond James
06/17/20 Raymond James
FS Bancorp upgraded to Outperform from Market Perform at Raymond James
01/07/20 Raymond James
FS Bancorp downgraded to Market Perform on valuation at Raymond James
01/07/20 Raymond James
FS Bancorp downgraded to Market Perform from Outperform at Raymond James
HFWA Heritage Financial
$20.23 /

+0.02 (+0.10%)

11/12/19 DA Davidson
Heritage Financial downgraded to Neutral from Buy at DA Davidson
11/12/19 DA Davidson
Heritage Financial downgraded to Neutral from Buy at DA Davidson
HMST HomeStreet
$28.15 /

-0.01 (-0.04%)

06/25/20
Fly Intel: Top five analyst initiations
06/25/20 Wedbush
Wedbush initiates HomeStreet with Neutral given valuation, loan/deposit growth
06/24/20 Wedbush
HomeStreet initiated with a Neutral at Wedbush
03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
HOPE Hope Bancorp
$8.65 /

-0.01 (-0.12%)

UMPQ Umpqua Holdings
$11.42 /

-0.17 (-1.47%)

06/19/20 Piper Sandler
Umpqua Holdings assumed with a Neutral at Piper Sandler
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
UMPQ Umpqua Holdings
$11.42 /

-0.17 (-1.47%)

HOPE Hope Bancorp
$8.65 /

-0.01 (-0.12%)

HMST HomeStreet
$28.15 /

-0.01 (-0.04%)

HFWA Heritage Financial
$20.23 /

+0.02 (+0.10%)

FSBW FS Bancorp
$39.26 /

-0.23 (-0.58%)

FFWM First Foundation
$15.53 /

+0.065 (+0.42%)

FFNW First Financial Northwest
$9.28 /

+0.05 (+0.54%)

BANR Banner Corp.
$36.56 /

+0.86 (+2.41%)

UMPQ Umpqua Holdings
$11.42 /

-0.17 (-1.47%)

FFWM First Foundation
$15.53 /

+0.065 (+0.42%)

HMST HomeStreet
$28.15 /

-0.01 (-0.04%)

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