Umpqua Holdings Corporation (UMPQ) Raised to Buy at ValuEngine
Umpqua Holdings Corporation (NASDAQ:UMPQ) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.
A number of other equities research analysts also recently weighed in on UMPQ. BidaskClub downgraded shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Thursday, June 8th. SunTrust Banks, Inc. began coverage on shares of Umpqua Holdings Corporation in a report on Friday, August 18th. They issued a “buy” rating and a $20.00 price target for the company. Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Stephens reissued a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.17.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up 1.06% during trading on Monday, reaching $18.98. 1,410,643 shares of the company’s stock traded hands. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $19.50. The stock has a market capitalization of $4.18 billion, a P/E ratio of 17.91 and a beta of 1.12. The company has a 50-day moving average of $17.74 and a 200 day moving average of $17.88.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $285.71 million. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities research analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the business. Ffcm LLC lifted its stake in Umpqua Holdings Corporation by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after buying an additional 3,657 shares in the last quarter. Huntington National Bank lifted its stake in Umpqua Holdings Corporation by 30.6% during the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after buying an additional 1,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Umpqua Holdings Corporation by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. Elkfork Partners LLC lifted its stake in Umpqua Holdings Corporation by 27.2% during the first quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock valued at $162,000 after buying an additional 1,958 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Umpqua Holdings Corporation by 2.7% during the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock valued at $179,000 after buying an additional 280 shares in the last quarter. 87.77% of the stock is owned by institutional investors.
Umpqua Holdings Corporation Company Profile
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.
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