Umpqua Holdings Corp (NASDAQ:UMPQ) has received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $24.00.

Several research analysts have recently weighed in on UMPQ shares. JPMorgan Chase & Co. decreased their target price on shares of Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research note on Monday, July 23rd. ValuEngine downgraded shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. BidaskClub upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Hovde Group set a $24.00 target price on shares of Umpqua and gave the company a “hold” rating in a research note on Monday, July 23rd. Finally, Barclays decreased their target price on shares of Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th.

Shares of UMPQ stock traded up $0.15 on Tuesday, hitting $21.55. The stock had a trading volume of 738,400 shares, compared to its average volume of 1,846,145. The company has a market capitalization of $4.71 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Umpqua has a 52-week low of $16.77 and a 52-week high of $24.89.

Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $298.95 million during the quarter, compared to analysts’ expectations of $304.67 million. Umpqua had a net margin of 22.53% and a return on equity of 7.11%. During the same quarter last year, the company posted $0.26 earnings per share. equities research analysts predict that Umpqua will post 1.41 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of UMPQ. Comerica Bank raised its holdings in Umpqua by 6.2% in the first quarter. Comerica Bank now owns 329,740 shares of the bank’s stock valued at $7,607,000 after acquiring an additional 19,225 shares in the last quarter. SG Americas Securities LLC raised its holdings in Umpqua by 13.0% in the first quarter. SG Americas Securities LLC now owns 44,647 shares of the bank’s stock valued at $956,000 after acquiring an additional 5,133 shares in the last quarter. Trexquant Investment LP raised its holdings in Umpqua by 110.0% in the first quarter. Trexquant Investment LP now owns 55,634 shares of the bank’s stock valued at $1,191,000 after acquiring an additional 29,141 shares in the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in Umpqua in the first quarter valued at $543,000. Finally, Victory Capital Management Inc. acquired a new stake in Umpqua in the first quarter valued at $10,702,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

About Umpqua

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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