Umpqua Holdings Corporation (NASDAQ:UMPQ)‘s stock had its “sell” rating restated by analysts at Piper Jaffray Companies in a report released on Wednesday. They presently have a $16.50 price target on the bank’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 16.75% from the company’s current price.

Other equities analysts also recently issued reports about the company. SunTrust Banks, Inc. began coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They issued a “buy” rating and a $20.00 target price for the company. BidaskClub downgraded Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Wedbush began coverage on Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 target price for the company. ValuEngine raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Stephens reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Umpqua Holdings Corporation has an average rating of “Hold” and a consensus target price of $19.64.

Shares of Umpqua Holdings Corporation (UMPQ) traded up 0.45% during mid-day trading on Wednesday, hitting $19.91. 205,328 shares of the stock were exchanged. The company has a 50-day moving average price of $18.21 and a 200-day moving average price of $17.99. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 18.78 and a beta of 1.14. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $20.03.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.

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