Umpqua (NASDAQ:UMPQ) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Co raised their target price on shares of Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua in a research report on Monday, October 16th. SunTrust Banks reaffirmed a “buy” rating and issued a $23.00 target price on shares of Umpqua in a research report on Monday, November 6th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 target price on shares of Umpqua in a research report on Wednesday, October 4th. Finally, ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Umpqua presently has a consensus rating of “Buy” and an average target price of $21.39.

Shares of Umpqua (UMPQ) traded up $0.27 during trading on Friday, reaching $22.40. 1,134,644 shares of the company’s stock were exchanged, compared to its average volume of 1,484,924. Umpqua has a 1-year low of $16.65 and a 1-year high of $22.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. The company has a market cap of $4,873.73, a price-to-earnings ratio of 21.13, a PEG ratio of 1.92 and a beta of 1.14.

Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $297.51 million. During the same period in the prior year, the business posted $0.28 earnings per share. sell-side analysts expect that Umpqua will post 1.04 earnings per share for the current year.

In related news, insider Raymond P. Davis sold 36,829 shares of Umpqua stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Umpqua by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock valued at $348,335,000 after acquiring an additional 205,163 shares during the period. Capital World Investors lifted its position in Umpqua by 6.6% during the 2nd quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after acquiring an additional 944,594 shares during the period. Atlanta Capital Management Co. L L C lifted its position in Umpqua by 12.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock valued at $197,288,000 after acquiring an additional 1,219,722 shares during the period. Macquarie Group Ltd. lifted its position in Umpqua by 0.7% during the 3rd quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock valued at $106,980,000 after acquiring an additional 38,047 shares during the period. Finally, Northern Trust Corp lifted its position in Umpqua by 1.8% during the 2nd quarter. Northern Trust Corp now owns 4,839,132 shares of the bank’s stock valued at $88,847,000 after acquiring an additional 87,757 shares during the period. 88.15% of the stock is 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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