Umpqua (NASDAQ:UMPQ) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. lowered their price objective on Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research note on Monday, July 23rd. BidaskClub downgraded Umpqua from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Hovde Group set a $24.00 price objective on Umpqua and gave the stock a “hold” rating in a research note on Monday, July 23rd. Finally, Barclays lowered their price objective on Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Umpqua presently has an average rating of “Hold” and a consensus target price of $24.25.

UMPQ stock opened at $20.95 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.75 billion, a P/E ratio of 19.58, a PEG ratio of 1.70 and a beta of 0.95. Umpqua has a 12-month low of $19.16 and a 12-month high of $24.89.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The firm had revenue of $298.95 million for the quarter, compared to analyst estimates of $304.67 million. Umpqua had a net margin of 22.53% and a return on equity of 7.11%. During the same period in the prior year, the company posted $0.26 earnings per share. sell-side analysts expect that Umpqua will post 1.41 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new position in Umpqua during the 2nd quarter worth $10,212,000. Cooke & Bieler LP grew its stake in shares of Umpqua by 4.4% in the first quarter. Cooke & Bieler LP now owns 1,373,180 shares of the bank’s stock worth $29,400,000 after purchasing an additional 57,630 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in shares of Umpqua in the second quarter worth $222,000. Royal Bank of Canada grew its stake in shares of Umpqua by 0.9% in the first quarter. Royal Bank of Canada now owns 524,574 shares of the bank’s stock worth $11,231,000 after purchasing an additional 4,929 shares in the last quarter. Finally, ARP Americas LP bought a new position in shares of Umpqua in the second quarter worth $203,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.

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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