Umpqua Holdings Corporation’s (NASDAQ:UMPQ) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

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.

Analyst Recommendations for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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