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.
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