Umpqua Holdings Corporation (UMPQ) Raised to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) from a market perform rating to an outperform rating in a research report report published on Wednesday, November 8th, MarketBeat reports.

A number of other analysts have also issued reports on the stock. BidaskClub lowered shares of Umpqua Holdings Corporation from a hold rating to a sell rating in a research report on Wednesday, July 12th. Stephens reaffirmed a hold rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Wells Fargo & Company raised their price objective on shares of Umpqua Holdings Corporation from $18.00 to $20.00 and gave the company a market perform rating in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a sell rating and set a $16.50 price objective on shares of Umpqua Holdings Corporation in a research report on Wednesday, October 4th. Finally, ValuEngine raised shares of Umpqua Holdings Corporation from a hold rating to a buy rating in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $20.06.

Umpqua Holdings Corporation (NASDAQ UMPQ) traded up $0.27 during trading hours on Wednesday, hitting $20.74. 873,200 shares of the stock traded hands, compared to its average volume of 1,503,751. Umpqua Holdings Corporation has a one year low of $16.65 and a one year high of $20.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. The company has a market cap of $4,580.00, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.32 and a beta of 1.12.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. The business had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. During the same quarter last year, the business posted $0.28 EPS. equities analysts forecast that Umpqua Holdings Corporation will post 1.04 earnings per share for the current year.

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In related news, insider Raymond P. Davis sold 36,829 shares of Umpqua Holdings Corporation stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Several institutional investors have recently bought and sold shares of UMPQ. Ffcm LLC grew its position 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 purchasing an additional 3,657 shares during the period. Zions Bancorporation acquired a new position in Umpqua Holdings Corporation during the 3rd quarter worth approximately $121,000. Huntington National Bank raised its stake in shares of Umpqua Holdings Corporation by 30.6% during the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after purchasing an additional 1,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Umpqua Holdings Corporation by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $203,000. Institutional investors own 87.79% of the company’s stock.

About Umpqua Holdings Corporation

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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