Umpqua Holdings Corporation (NASDAQ:UMPQ) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $19.56.

UMPQ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Monday, July 10th. BidaskClub downgraded Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Stephens reissued a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Zacks Investment Research raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. began coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They issued a “buy” rating and a $20.00 target price for the company.

Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up 0.318% on Wednesday, hitting $20.525. The company’s stock had a trading volume of 137,955 shares. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $20.98. The firm has a 50 day moving average of $19.62 and a 200-day moving average of $18.37. The stock has a market cap of $4.52 billion, a PE ratio of 19.363 and a beta of 1.14.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts expect that Umpqua Holdings Corporation will post $1.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s payout ratio is currently 67.93%.

In related news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in UMPQ. Ffcm LLC grew its holdings in shares of Umpqua Holdings Corporation by 150.1% during the 2nd 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 period. Huntington National Bank grew its holdings in shares of Umpqua Holdings Corporation by 30.6% during the 2nd 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Umpqua Holdings Corporation by 8.8% during the 2nd 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 period. HighTower Advisors LLC purchased a new position in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $203,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $206,000. Institutional investors own 87.80% of the company’s stock.

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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)

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