Almost, Faye. Usually CEO's and officers are favored with the largest stock options and personal company loans. These days, as you suggest, directors also provide for themselves at the option trough. All such options normally dilute the value of shares held by the public. (Hence a reason for share re-purchase plans with company funds that could otherwise be used for dividends, or to strenghten the balance sheet, no?)
AS Smallbanks pointed, selling banks want premium prices and that "premium" comes from the hide of the purchasers, like UMPQ. In the short term and perhaps longer, that tends to reduce or hold steady the share price of the buyer's common stock. Separately, there is the merging employee factor, the result of which is not always known and a story for another time. However, we know it did not work-out with Bill Haden at Valley of the Rogue Bank, an astute banker, who is now in competition (CACB) against UMPQ in the Rogue Valley.
A more current event, here is a thought about the Fed increasing rates: The June move (futures are assigning a 90% probability of a .25% point increase for June) may not be the one to worry about.It is the 1.00% before year end followed by another several hundred basis points over the next couple of years after the election that will compress contract spreads, net interest margin, net earnings, and EPS of financial houses.. During the past few years UMPQ has not operated in this increasing interest rate atmosphere. It will be of interest to observe. Best wishes to all. PVbud
UMPQ is in an acquisition digestive mode and will be for some time. This tends to increase expenses, moderate income, level the price of the stock, while the Bank makes operational and administrative adjustments. Also, there are often new members on the Board which infuse different thinking. All of the above harbor unknown elements which must be resolved ...for better or worse.
Moving into another State, Caifornia, UMPQ will encounter an added and different level of government regulation bringing added expenses and challenges sometimes termed, "headaches". Still, UMPQ may do well. For me, the current price of shares is pricy.
For interest, one might look at UBMT, TMCV.OB (moving to the NASDAQ) or GBCI, as well as UMPQ. Happy summer, Faye.
The current price is morethan I like to pay, but not more than this stock, IMO, can support and grow. After a quick look, I see that everything fits into the usual criteria for five-year growth, except that perhaps it's collecting a little debt. Is that part of acquisition mode?