Umpqua Holdings Corporation (NASDAQ:UMPQ) had its target price lifted by equities research analysts at Wells Fargo & Co from $18.00 to $20.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “market perform” rating on the bank’s stock. Wells Fargo & Co’s target price would suggest a potential downside of 2.77% from the stock’s previous close.

A number of other brokerages have also recently weighed in on UMPQ. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Monday. Piper Jaffray Companies restated a “sell” rating and issued a $16.50 price objective on shares of Umpqua Holdings Corporation in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Finally, Stephens restated a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Umpqua Holdings Corporation has a consensus rating of “Hold” and an average target price of $19.72.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) traded down 0.29% during midday trading on Friday, hitting $20.57. 2,392,297 shares of the stock traded hands. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $20.97. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 19.41 and a beta of 1.14. The stock has a 50-day moving average of $19.04 and a 200-day moving average of $18.19.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $295.87 million during the quarter, compared to analyst estimates of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.81%. During the same quarter last year, the firm posted $0.28 EPS. On average, equities analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Umpqua Holdings Corporation (UMPQ) PT Raised to $20.00” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/20/umpqua-holdings-corporation-umpq-pt-raised-to-20-00.html.

Institutional investors have recently modified their holdings of the stock. Ffcm LLC lifted its stake in Umpqua Holdings Corporation by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after acquiring an additional 3,657 shares during the last quarter. Huntington National Bank lifted its stake in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after acquiring an additional 1,685 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after acquiring an additional 632 shares during the last quarter. HighTower Advisors LLC purchased a new position in Umpqua Holdings Corporation in the second quarter worth approximately $203,000. Finally, Raymond James Trust N.A. purchased a new position in Umpqua Holdings Corporation in the second quarter worth approximately $206,000. Institutional investors own 87.77% of the company’s stock.

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.

Analyst Recommendations for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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