Umpqua (NASDAQ:UMPQ) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a $25.00 price target on the bank’s stock. Wedbush’s price objective would indicate a potential upside of 20.13% from the stock’s current price.

UMPQ has been the subject of several other research reports. SunTrust Banks reissued a “buy” rating and issued a $24.00 price target on shares of Umpqua in a research note on Wednesday, November 29th. Zacks Investment Research cut Umpqua from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Barclays increased their price target on Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Wells Fargo & Co increased their price target on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.39.

Shares of Umpqua (NASDAQ UMPQ) traded down $0.01 during trading hours on Thursday, hitting $20.81. 1,192,600 shares of the company’s stock were exchanged, compared to its average volume of 1,458,250. The firm has a market capitalization of $4,660.00, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.14. Umpqua has a 52 week low of $16.65 and a 52 week high of $22.86. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Umpqua had a return on equity of 5.79% and a net margin of 19.04%. The firm had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. During the same quarter in the prior year, the company posted $0.28 EPS. sell-side analysts predict that Umpqua will post 1.03 earnings per share for the current fiscal year.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Umpqua by 1.3% during the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after buying an additional 390 shares during the period. Advisor Group Inc. lifted its position in shares of Umpqua by 2.4% during the second quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock worth $387,000 after purchasing an additional 523 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Umpqua by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. QS Investors LLC lifted its position in shares of Umpqua by 1.7% during the second quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock worth $862,000 after purchasing an additional 781 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Umpqua by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock worth $2,295,000 after purchasing an additional 820 shares in the last quarter. Institutional investors own 88.15% of the company’s stock.

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Umpqua 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 (NASDAQ:UMPQ)

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