Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday. The firm currently has a $25.00 target price on the bank’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.61% from the stock’s previous close.

According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Wedbush upgraded shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Thursday, January 4th. Barclays boosted their price target on shares of Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $24.00 price target on shares of Umpqua in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $21.39.

Shares of Umpqua (NASDAQ UMPQ) traded up $0.27 during midday trading on Friday, hitting $22.40. 1,134,644 shares of the company were exchanged, compared to its average volume of 1,615,633. Umpqua has a fifty-two week low of $16.65 and a fifty-two week high of $22.86. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4,910.00, a PE ratio of 21.13, a P/E/G ratio of 2.00 and a beta of 1.14.

Umpqua (NASDAQ:UMPQ) last issued 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). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The company 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 firm earned $0.28 earnings per share. analysts expect that Umpqua will post 1.03 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Umpqua by 18.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 147,716 shares of the bank’s stock worth $2,882,000 after buying an additional 22,715 shares during the period. Sterling Capital Management LLC raised its holdings in Umpqua by 11.3% during the 3rd quarter. Sterling Capital Management LLC now owns 877,433 shares of the bank’s stock worth $17,119,000 after buying an additional 88,842 shares during the period. California Public Employees Retirement System raised its holdings in Umpqua by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 627,728 shares of the bank’s stock worth $12,247,000 after buying an additional 42,945 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Umpqua during the 3rd quarter worth about $540,000. Finally, Zions Bancorporation acquired a new stake in Umpqua during the 3rd quarter worth about $121,000. Hedge funds and other 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.

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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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