Umpqua (NASDAQ:UMPQ) has been assigned a $16.00 target price by stock analysts at Stephens in a note issued to investors on Friday, TipRanks reports. The firm currently has a “hold” rating on the bank’s stock. Stephens’ target price points to a potential upside of 0.88% from the stock’s current price.

A number of other equities research analysts also recently commented on UMPQ. Wedbush decreased their target price on Umpqua from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday. SunTrust Banks decreased their target price on Umpqua from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. BidaskClub downgraded Umpqua from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Raymond James set a $17.00 target price on Umpqua and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, ValuEngine upgraded Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Umpqua presently has a consensus rating of “Hold” and a consensus target price of $17.67.

Shares of NASDAQ:UMPQ traded up $0.09 during mid-day trading on Friday, reaching $15.86. The stock had a trading volume of 1,676,761 shares, compared to its average volume of 1,369,084. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.47 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08. Umpqua has a 1 year low of $15.06 and a 1 year high of $20.39. The business’s 50 day moving average price is $16.15 and its 200 day moving average price is $16.59.

Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, October 16th. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $317.49 million for the quarter, compared to the consensus estimate of $302.20 million. Umpqua had a return on equity of 8.41% and a net margin of 24.20%. During the same period in the previous year, the business earned $0.41 earnings per share. Analysts predict that Umpqua will post 1.59 earnings per share for the current fiscal year.

In other Umpqua news, Director Luis Machuca sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $16.77, for a total transaction of $167,700.00. Following the sale, the director now directly owns 7,954 shares of the company’s stock, valued at $133,388.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Torran B. Nixon sold 5,303 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $15.31, for a total value of $81,188.93. Following the sale, the executive vice president now directly owns 103,344 shares in the company, valued at $1,582,196.64. The disclosure for this sale can be found here. Insiders have sold 22,523 shares of company stock worth $369,680 over the last three months. 0.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UMPQ. AGF Investments LLC grew its stake in shares of Umpqua by 456.0% during the second quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock valued at $43,000 after buying an additional 2,134 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Umpqua during the second quarter valued at approximately $87,000. CWM LLC grew its stake in shares of Umpqua by 3,046.5% during the second quarter. CWM LLC now owns 7,237 shares of the bank’s stock valued at $120,000 after buying an additional 7,007 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Umpqua during the second quarter valued at approximately $180,000. Finally, WINTON GROUP Ltd bought a new position in shares of Umpqua during the second quarter valued at approximately $190,000. 86.16% of the stock is currently owned by institutional investors.

Umpqua Company Profile

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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