Umpqua Holdings Corporation (NASDAQ:UMPQ) – Investment analysts at SunTrust Banks issued their Q3 2017 EPS estimates for shares of Umpqua Holdings Corporation in a research report issued to clients and investors on Thursday. SunTrust Banks analyst M. Young anticipates that the bank will post earnings of $0.27 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $20.00 target price on the stock. SunTrust Banks also issued estimates for Umpqua Holdings Corporation’s Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.26 EPS.

A number of other equities research analysts have also recently commented on the company. BidaskClub cut Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Stephens reaffirmed a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, July 10th. Finally, Wedbush initiated coverage on Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.88.

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Shares of Umpqua Holdings Corporation (UMPQ) opened at 17.22 on Monday. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 16.25 and a beta of 1.11. The firm has a 50-day moving average price of $18.35 and a 200 day moving average price of $18.06. Umpqua Holdings Corporation has a 12 month low of $14.77 and a 12 month high of $19.50.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $285.71 million. During the same period in the prior year, the company posted $0.25 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after buying an additional 24,267,359 shares during the last quarter. Citadel Advisors LLC boosted its position in Umpqua Holdings Corporation by 591.2% in the second quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock worth $48,665,000 after buying an additional 2,267,129 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Umpqua Holdings Corporation during the second quarter worth about $38,607,000. Balyasny Asset Management LLC boosted its position in Umpqua Holdings Corporation by 1,072.4% in the second quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock worth $34,974,000 after buying an additional 1,742,435 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in Umpqua Holdings Corporation during the second quarter worth about $28,844,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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