Zacks Investment Research lowered shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) from a buy rating to a hold rating in a research note published on Wednesday morning.

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. “

A number of other research firms have also weighed in on UMPQ. Stephens reaffirmed a hold rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 target price on Umpqua Holdings Corporation and gave the company a hold rating in a report on Thursday, June 8th. BidaskClub raised Umpqua Holdings Corporation from a strong sell rating to a sell rating in a report on Saturday, June 10th. ValuEngine lowered Umpqua Holdings Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Wedbush began coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They set a neutral rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $19.86.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 18.45 on Wednesday. The firm has a market capitalization of $4.06 billion, a P/E ratio of 17.41 and a beta of 1.11. The firm’s 50-day moving average is $18.55 and its 200-day moving average is $18.11. Umpqua Holdings Corporation has a 52 week low of $14.78 and a 52 week high of $19.50.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The firm had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Equities analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is presently 60.38%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Umpqua Holdings Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 160,918 shares of the bank’s stock valued at $2,954,000 after buying an additional 1,388 shares during the last quarter. World Asset Management Inc raised its position in shares of Umpqua Holdings Corporation by 2.1% in the second quarter. World Asset Management Inc now owns 13,948 shares of the bank’s stock valued at $256,000 after buying an additional 290 shares during the last quarter. Rothschild Asset Management Inc. raised its position in shares of Umpqua Holdings Corporation by 5.7% in the second quarter. Rothschild Asset Management Inc. now owns 1,210,054 shares of the bank’s stock valued at $22,217,000 after buying an additional 65,407 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Umpqua Holdings Corporation by 2.3% in the second quarter. Great West Life Assurance Co. Can now owns 132,225 shares of the bank’s stock valued at $2,425,000 after buying an additional 2,919 shares during the last quarter. Finally, NGAM Advisors L.P. raised its position in shares of Umpqua Holdings Corporation by 11.1% in the second quarter. NGAM Advisors L.P. now owns 23,634 shares of the bank’s stock valued at $434,000 after buying an additional 2,354 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Umpqua Holdings Corporation 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 Holdings Corporation (NASDAQ:UMPQ)

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