BidaskClub upgraded shares of Umpqua (NASDAQ:UMPQ) from a sell rating to a hold rating in a research note released on Monday morning.

A number of other research firms also recently weighed in on UMPQ. Hovde Group set a $24.00 price objective on Umpqua and gave the company a hold rating in a report on Monday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Umpqua from $26.00 to $25.00 and set a $22.72 rating for the company in a report on Monday, July 23rd. Zacks Investment Research upgraded Umpqua from a sell rating to a hold rating in a report on Tuesday, September 11th. ValuEngine upgraded Umpqua from a hold rating to a buy rating in a report on Friday, September 7th. Finally, Piper Jaffray Companies set a $20.00 price objective on Umpqua and gave the company a sell rating in a report on Thursday, August 2nd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $23.85.

Shares of NASDAQ:UMPQ opened at $19.31 on Monday. The firm has a market cap of $4.27 billion, a PE ratio of 18.05, a P/E/G ratio of 1.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. Umpqua has a 52-week low of $18.17 and a 52-week high of $24.89.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business 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 in the prior year, the business posted $0.28 earnings per share. On average, sell-side analysts anticipate that Umpqua will post 1.46 EPS for the current year.

Institutional investors have recently modified their holdings of the business. TRUE Private Wealth Advisors acquired a new stake in Umpqua during the 3rd quarter worth about $103,000. Itau Unibanco Holding S.A. acquired a new stake in Umpqua during the 2nd quarter worth about $143,000. Cerebellum GP LLC acquired a new stake in Umpqua during the 3rd quarter worth about $173,000. ARP Americas LP acquired a new stake in Umpqua during the 2nd quarter worth about $203,000. Finally, Summit X LLC acquired a new stake in Umpqua during the 2nd quarter worth about $211,000. Hedge funds and other institutional investors own 89.61% of the company’s stock.

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.

Recommended Story: Fundamental Analysis and Individual Investors

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.