Umpqua (NASDAQ:UMPQ) had its target price upped by equities research analysts at Barclays from $20.00 to $22.00 in a report released on Tuesday. The firm currently has an “equal weight” rating on the bank’s stock. Barclays’ price target indicates a potential upside of 5.77% from the stock’s previous close.
A number of other brokerages have also recently commented on UMPQ. SunTrust Banks reiterated 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. ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Sunday. 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. Finally, Keefe, Bruyette & Woods upgraded Umpqua from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.39.
Shares of Umpqua (UMPQ) traded down $0.33 on Tuesday, hitting $20.80. The stock had a trading volume of 1,199,000 shares, compared to its average volume of 1,512,182. Umpqua has a one year low of $16.65 and a one year high of $22.86. The company has a market cap of $4,580.82, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31.
In related news, insider Raymond P. Davis sold 36,829 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.
A number of institutional investors have recently modified their holdings of UMPQ. BlackRock Inc. grew its holdings in Umpqua by 17,820.5% during the 1st quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after acquiring an additional 24,267,359 shares during the period. Eagle Asset Management grew its stake in shares of Umpqua by 90.2% in the 3rd quarter. Eagle Asset Management now owns 7,347,804 shares of the bank’s stock valued at $119,768,000 after buying an additional 3,483,806 shares during the period. Norges Bank acquired a new stake in shares of Umpqua in the 4th quarter valued at about $42,917,000. Citadel Advisors LLC grew its stake in shares of Umpqua by 591.2% in the 2nd quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock valued at $48,665,000 after buying an additional 2,267,129 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Umpqua in the 2nd quarter valued at about $38,607,000. 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.
