Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage currently has a $18.00 price target on the bank’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.02% from the company’s previous close.

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 brokerages also recently commented on UMPQ. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Umpqua in a research note on Wednesday, December 19th. BidaskClub downgraded shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday, December 4th. Piper Jaffray Companies raised shares of Umpqua from an “underweight” rating to a “neutral” rating and set a $20.00 price objective for the company in a research note on Wednesday, November 21st. Finally, Wells Fargo & Co set a $22.00 price objective on shares of Umpqua and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.25.

Shares of NASDAQ:UMPQ opened at $15.65 on Friday. Umpqua has a 1 year low of $15.57 and a 1 year high of $24.89. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.21 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.

Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. The business had revenue of $313.76 million during the quarter, compared to analyst estimates of $309.37 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. Analysts anticipate that Umpqua will post 1.47 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. TRUE Private Wealth Advisors acquired a new position in shares of Umpqua during the third quarter worth $103,000. Itau Unibanco Holding S.A. acquired a new position in shares of Umpqua during the second quarter worth $143,000. Cerebellum GP LLC acquired a new position in shares of Umpqua during the third quarter worth $173,000. Summit X LLC acquired a new position in shares of Umpqua during the second quarter worth $211,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Umpqua during the second quarter worth $222,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Umpqua Company Profile

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.

Further Reading: Using the New Google Finance Tool

Get a free copy of the Zacks research report on Umpqua (UMPQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.