ValuEngine upgraded shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) from a hold rating to a buy rating in a research report report published on Monday.

A number of other research analysts have also commented on UMPQ. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the company a hold rating in a research note on Thursday, June 8th. BidaskClub upgraded shares of Umpqua Holdings Corporation from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a sell rating to a hold rating in a research note on Thursday, June 22nd. Wedbush started coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a neutral rating and a $20.00 price target on the stock. Finally, Stephens reiterated a hold rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $20.17.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 18.64 on Monday. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.50. The company’s 50-day moving average price is $17.74 and its 200-day moving average price is $17.88. The firm has a market capitalization of $4.10 billion, a P/E ratio of 17.58 and a beta of 1.12.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the Zacks’ 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 company had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. During the same quarter last year, the company posted $0.25 EPS. On average, equities research analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Thursday, September 28th. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio is presently 60.38%.

Several large investors have recently made changes to their positions in UMPQ. BlackRock Inc. grew its position in shares of Umpqua Holdings Corporation by 17,820.5% during the 1st quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after purchasing an additional 24,267,359 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Umpqua Holdings Corporation by 591.2% during the 2nd quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock worth $48,665,000 after purchasing an additional 2,267,129 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $38,607,000. Balyasny Asset Management LLC grew its position in shares of Umpqua Holdings Corporation by 1,072.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock worth $34,974,000 after purchasing an additional 1,742,435 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $28,844,000. Hedge funds and other institutional investors own 87.77% 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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