Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $19.71.

Several equities analysts recently weighed in on UMPQ shares. BidaskClub lowered Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Wedbush started coverage on Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. Stephens restated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, ValuEngine lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Large investors have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its stake in Umpqua Holdings Corporation by 1.3% in the first quarter. Capstone Asset Management Co. now owns 18,532 shares of the bank’s stock valued at $329,000 after buying an additional 230 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Umpqua Holdings Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 55,600 shares of the bank’s stock valued at $986,000 after buying an additional 1,200 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Umpqua Holdings Corporation by 9.3% in the first quarter. State of Alaska Department of Revenue now owns 18,850 shares of the bank’s stock valued at $334,000 after buying an additional 1,610 shares during the last quarter. Naples Global Advisors LLC boosted its stake in Umpqua Holdings Corporation by 10.2% in the first quarter. Naples Global Advisors LLC now owns 30,280 shares of the bank’s stock valued at $537,000 after buying an additional 2,800 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Umpqua Holdings Corporation by 0.7% in the first quarter. Nationwide Fund Advisors now owns 612,679 shares of the bank’s stock valued at $10,869,000 after buying an additional 4,284 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Umpqua Holdings Corporation (NASDAQ UMPQ) traded up 1.674% during trading on Friday, hitting $17.305. The stock had a trading volume of 845,839 shares. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.50. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 16.325 and a beta of 1.11. The firm’s 50-day moving average price is $18.39 and its 200-day moving average price is $18.07.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The business had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. During the same quarter in the prior year, the firm earned $0.25 EPS. Analysts predict that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

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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.

Analyst Recommendations for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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