SunTrust Banks, Inc. started coverage on shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $20.00 price objective on the bank’s stock. SunTrust Banks also issued estimates for Umpqua Holdings Corporation’s Q3 2017 earnings at $0.27 EPS, 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 research firms have also recently commented on UMPQ. Zacks Investment Research cut Umpqua Holdings Corporation from a buy rating to a hold rating in a research report on Wednesday, July 26th. BidaskClub upgraded Umpqua Holdings Corporation from a strong sell rating to a sell rating in a research report on Saturday, June 10th. Stephens reiterated a hold rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research report 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 report on Monday, July 10th. Finally, Wedbush assumed coverage on Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They set a neutral rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $19.88.

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

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

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Hedge funds have recently bought and sold shares of the stock. Ffcm LLC boosted its stake in Umpqua Holdings Corporation by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after buying an additional 3,657 shares during the period. Tyers Asset Management LLC boosted its stake in Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock valued at $118,000 after buying an additional 1,424 shares during the period. Huntington National Bank boosted its stake in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after buying an additional 1,685 shares during the period. Acrospire Investment Management LLC boosted its stake in Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock valued at $139,000 after buying an additional 1,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares during the period. Institutional investors own 88.52% 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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