Umpqua Holdings Corporation (NASDAQ:UMPQ) – Investment analysts at SunTrust Banks lifted their FY2018 EPS estimates for shares of Umpqua in a report released on Tuesday. SunTrust Banks analyst M. Young now forecasts that the bank will post earnings per share of $1.25 for the year, up from their previous estimate of $1.24. SunTrust Banks has a “Buy” rating and a $24.00 price objective on the stock.

UMPQ has been the subject of several other research reports. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Umpqua in a research note on Wednesday, October 4th. Wells Fargo & Company upped their price objective on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods raised Umpqua from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Barclays upped their price objective on Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Finally, BidaskClub downgraded Umpqua from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.17.

Umpqua (NASDAQ:UMPQ) traded up $0.72 during trading on Thursday, hitting $22.15. The stock had a trading volume of 1,932,300 shares, compared to its average volume of 1,497,928. Umpqua has a one year low of $16.65 and a one year high of $22.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market capitalization of $4,719.56, a P/E ratio of 20.61, a P/E/G ratio of 2.43 and a beta of 1.12.

Umpqua (NASDAQ:UMPQ) last issued 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). The business had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same period in the previous year, the firm posted $0.28 EPS.

Hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in Umpqua in the second quarter valued at approximately $203,000. Brookstone Capital Management bought a new stake in Umpqua in the second quarter valued at approximately $285,000. FMR LLC boosted its holdings in Umpqua by 23.8% in the second quarter. FMR LLC now owns 684,900 shares of the bank’s stock valued at $12,575,000 after acquiring an additional 131,600 shares during the last quarter. Legal & General Group Plc boosted its holdings in Umpqua by 14.3% in the second quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock valued at $4,614,000 after acquiring an additional 31,336 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Umpqua by 59.1% in the second quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock valued at $1,493,000 after acquiring an additional 30,198 shares during the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.

In other news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction that occurred 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 at this link. Corporate insiders own 0.52% of the company’s stock.

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About Umpqua

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.

Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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