SunTrust Banks, Inc. reaffirmed their buy rating on shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in a report released on Monday morning. SunTrust Banks, Inc. currently has a $23.00 price target on the bank’s stock. SunTrust Banks also issued estimates for Umpqua Holdings Corporation’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.24 EPS and FY2019 earnings at $1.49 EPS.

Several other equities research analysts also recently commented on the company. Barclays PLC raised their target price on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the company an equal weight rating in a report on Friday, October 20th. Wells Fargo & Company raised their target price on Umpqua Holdings Corporation from $18.00 to $20.00 and gave the company a market perform rating in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a hold rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Monday, October 16th. Piper Jaffray Companies reiterated a sell rating and set a $16.50 target price on shares of Umpqua Holdings Corporation in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Umpqua Holdings Corporation from a hold rating to a buy rating in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Umpqua Holdings Corporation has an average rating of Hold and a consensus target price of $20.06.

Umpqua Holdings Corporation (NASDAQ UMPQ) traded up $0.07 during trading on Monday, hitting $20.64. The stock had a trading volume of 738,228 shares, compared to its average volume of 1,530,000. The stock has a market cap of $4,430.00, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.12. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua Holdings Corporation has a 52 week low of $15.09 and a 52 week high of $20.98.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter last year, the business earned $0.28 earnings per share. analysts expect that Umpqua Holdings Corporation will post 1.04 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 67.92%.

In other Umpqua Holdings Corporation news, insider Raymond P. Davis sold 36,829 shares of the firm’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 transaction of $758,677.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in Umpqua Holdings Corporation by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 17,684 shares of the bank’s stock valued at $325,000 after purchasing an additional 261 shares in the last quarter. World Asset Management Inc grew its stake in Umpqua Holdings Corporation by 2.1% during the 2nd quarter. World Asset Management Inc now owns 13,948 shares of the bank’s stock valued at $256,000 after purchasing an additional 290 shares in the last quarter. Amalgamated Bank grew its stake in Umpqua Holdings Corporation by 1.3% during the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after purchasing an additional 390 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Umpqua Holdings Corporation by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 124,181 shares of the bank’s stock valued at $2,203,000 after purchasing an additional 441 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Umpqua Holdings Corporation by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after purchasing an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.

About Umpqua Holdings Corporation

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 Holdings Corporation (NASDAQ:UMPQ)

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