Umpqua Holdings Corporation (UMPQ) Rating Reiterated by Piper Jaffray Companies
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.
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