Umpqua Holdings Corporation (NASDAQ:UMPQ) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.

UMPQ has been the subject of several other reports. Piper Jaffray Companies reiterated a “sell” rating and issued a $16.50 target price on shares of Umpqua Holdings Corporation in a report on Wednesday, October 4th. Wells Fargo & Company upped their target price on Umpqua Holdings Corporation from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays PLC upped their target price on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. BidaskClub cut Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research cut Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.06.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at $20.10 on Wednesday. Umpqua Holdings Corporation has a 1-year low of $15.09 and a 1-year high of $20.98. The firm has a market capitalization of $4,545.58, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $297.51 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. sell-side analysts predict that Umpqua Holdings Corporation will post 1.04 earnings per share for the current fiscal year.

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In related news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Large investors have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new position in Umpqua Holdings Corporation during the 2nd quarter valued at about $203,000. Oregon Public Employees Retirement Fund increased its position in Umpqua Holdings Corporation by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock valued at $1,486,000 after buying an additional 3,397 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Umpqua Holdings Corporation in the second quarter valued at about $285,000. Paragon Capital Management Ltd acquired a new position in shares of Umpqua Holdings Corporation in the second quarter valued at about $255,000. Finally, Legal & General Group Plc increased its holdings in shares of Umpqua Holdings Corporation by 14.3% in the second quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock valued at $4,614,000 after purchasing an additional 31,336 shares during the period. 87.82% of the stock is currently owned by 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.

Analyst Recommendations for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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