Umpqua Holdings Corporation (NASDAQ:UMPQ)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Monday, October 16th. They currently have a $20.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 3.47% from the company’s current price.
Several other analysts also recently commented on the company. Piper Jaffray Companies reaffirmed a “sell” rating and set a $16.50 price objective on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. ValuEngine upgraded Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. SunTrust Banks, Inc. began coverage on Umpqua Holdings Corporation in a report on Friday, August 18th. They set a “buy” rating and a $20.00 target price for the company. BidaskClub cut Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research cut Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Umpqua Holdings Corporation has an average rating of “Hold” and an average target price of $19.72.
Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 20.72 on Monday. Umpqua Holdings Corporation has a one year low of $14.78 and a one year high of $20.97. The stock has a market cap of $4.56 billion, a P/E ratio of 19.55 and a beta of 1.14. The stock’s 50 day moving average price is $19.24 and its 200-day moving average price is $18.26.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. During the same period in the previous year, the business posted $0.28 EPS. On average, analysts predict that Umpqua Holdings Corporation will post $1.04 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in UMPQ. Ffcm LLC grew its holdings in shares of Umpqua Holdings Corporation by 150.1% in the 2nd quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,657 shares in the last quarter. Huntington National Bank grew its holdings in shares of Umpqua Holdings Corporation by 30.6% in the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after acquiring an additional 1,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Umpqua Holdings Corporation by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after acquiring an additional 632 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Umpqua Holdings Corporation in the 2nd quarter valued at about $203,000. Finally, Raymond James Trust N.A. bought a new position in shares of Umpqua Holdings Corporation in the 2nd quarter valued at about $206,000. Institutional investors own 87.91% of the company’s stock.
Umpqua Holdings Corporation Company Profile
Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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