Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “

Several other equities analysts also recently commented on UMPQ. Piper Jaffray Companies set a $20.00 target price on Umpqua and gave the company a “sell” rating in a research report on Thursday, August 2nd. BidaskClub upgraded Umpqua from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine downgraded Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Sandler O’Neill restated a “buy” rating and set a $25.00 price objective on shares of Umpqua in a research report on Friday, July 20th. Finally, Raymond James lowered their price objective on Umpqua from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.31.

Umpqua stock traded down $0.07 during trading hours on Tuesday, hitting $18.83. The stock had a trading volume of 100,884 shares, compared to its average volume of 1,705,445. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $4.32 billion, a PE ratio of 17.60, a P/E/G ratio of 1.54 and a beta of 0.96. Umpqua has a one year low of $18.84 and a one year high of $24.89.

Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, October 17th. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $313.76 million during the quarter, compared to the consensus estimate of $309.37 million. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. During the same period last year, the company earned $0.28 earnings per share. As a group, analysts predict that Umpqua will post 1.42 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Handelsinvest Investeringsforvaltning acquired a new stake in Umpqua during the third quarter worth approximately $1,040,000. First Quadrant L P CA grew its stake in Umpqua by 80.0% during the third quarter. First Quadrant L P CA now owns 572,815 shares of the bank’s stock worth $11,915,000 after purchasing an additional 254,661 shares during the period. TRUE Private Wealth Advisors acquired a new stake in Umpqua during the third quarter worth approximately $103,000. Oakbrook Investments LLC grew its stake in Umpqua by 127.6% during the third quarter. Oakbrook Investments LLC now owns 27,650 shares of the bank’s stock worth $575,000 after purchasing an additional 15,500 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Umpqua by 8.8% during the third quarter. Nisa Investment Advisors LLC now owns 119,075 shares of the bank’s stock worth $2,477,000 after purchasing an additional 9,600 shares during the period. 88.73% of the stock is owned by institutional investors and hedge funds.

Umpqua Company Profile

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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