Umpqua (NASDAQ:UMPQ) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

A number of other brokerages also recently issued reports on UMPQ. SunTrust Banks reaffirmed a “buy” rating and set a $24.00 price target on shares of Umpqua in a report on Wednesday, November 29th. Zacks Investment Research downgraded Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Wedbush raised Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Thursday. Barclays upped their price target on Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.94.

Umpqua (NASDAQ UMPQ) traded up $0.29 during midday trading on Friday, hitting $21.26. The stock had a trading volume of 1,580,000 shares, compared to its average volume of 1,590,000. The stock has a market capitalization of $4,680.00, a PE ratio of 20.06, a P/E/G ratio of 2.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. Umpqua has a 52-week low of $16.65 and a 52-week high of $22.86.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same period in the previous year, the company earned $0.28 earnings per share. equities research analysts expect that Umpqua will post 1.03 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank lifted its holdings in Umpqua by 1.3% in the second quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after acquiring an additional 390 shares during the period. Advisor Group Inc. lifted its holdings in Umpqua by 2.4% in the second quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after acquiring an additional 523 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Umpqua by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after acquiring an additional 632 shares during the period. QS Investors LLC lifted its holdings in Umpqua by 1.7% in the second quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock valued at $862,000 after acquiring an additional 781 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Umpqua by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock valued at $2,295,000 after acquiring an additional 820 shares during the period. 88.15% of the stock is currently owned by institutional investors.

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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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