Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) were down 4.3% during trading on Thursday . The company traded as low as $15.14 and last traded at $15.18, with a volume of 2,420,431 shares trading hands. The stock had previously closed at $15.86.

A number of analysts have recently commented on UMPQ shares. Zacks Investment Research cut Umpqua Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Friday, April 15th. Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $13.50 price target on shares of Umpqua Holdings Corp. in a research note on Friday, June 17th. Royal Bank Of Canada upped their price target on Umpqua Holdings Corp. from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, March 28th. Keefe, Bruyette & Woods cut Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $19.00 to $18.00 in a research note on Friday, April 22nd. Finally, Raymond James Financial Inc. raised Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $18.00 to $17.00 in a research note on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Umpqua Holdings Corp. presently has an average rating of “Hold” and an average target price of $17.72.

The firm has a market capitalization of $3.33 billion and a price-to-earnings ratio of 14.95. The firm has a 50 day moving average price of $15.59 and a 200 day moving average price of $15.39.

Umpqua Holdings Corp. (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. During the same period in the prior year, the business earned $0.31 earnings per share. Analysts anticipate that Umpqua Holdings Corp. will post $1.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 4.24%.

A number of institutional investors have made changes to their positions in UMPQ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Umpqua Holdings Corp. by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,847 shares of the company’s stock worth $1,015,000 after buying an additional 234 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Umpqua Holdings Corp. by 86.4% in the fourth quarter. Suntrust Banks Inc. now owns 64,527 shares of the company’s stock valued at $1,025,000 after buying an additional 29,913 shares during the period. ProShare Advisors LLC raised its position in shares of Umpqua Holdings Corp. by 22.0% in the fourth quarter. ProShare Advisors LLC now owns 96,142 shares of the company’s stock valued at $1,529,000 after buying an additional 17,363 shares during the period. State of Tennessee Treasury Department purchased a new position in shares of Umpqua Holdings Corp. during the fourth quarter valued at approximately $2,067,000. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of Umpqua Holdings Corp. by 47.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 138,170 shares of the company’s stock valued at $2,196,000 after buying an additional 44,386 shares during the period.

Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.