BidaskClub upgraded shares of Umpqua (NASDAQ:UMPQ) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

A number of other research analysts also recently commented on UMPQ. Zacks Investment Research upgraded Umpqua from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a research note on Friday. ValuEngine upgraded Umpqua from a hold rating to a buy rating in a research note on Sunday, December 31st. Barclays upped their price objective on Umpqua from $20.00 to $22.00 and gave the stock an equal weight rating in a research note on Tuesday, January 2nd. Wedbush upgraded Umpqua from a neutral rating to an outperform rating and set a $25.00 price objective for the company in a research note on Thursday, January 4th. Finally, SunTrust Banks restated a buy rating and set a $24.00 price objective on shares of Umpqua in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $21.39.

Shares of Umpqua (NASDAQ:UMPQ) traded up $0.27 on Friday, reaching $22.40. The company had a trading volume of 1,134,600 shares, compared to its average volume of 1,615,633. The company has a market cap of $4,930.00, a P/E ratio of 21.13, a P/E/G ratio of 1.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. Umpqua has a 52-week low of $16.65 and a 52-week high of $22.86.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter in the previous year, the company earned $0.28 earnings per share. equities analysts predict that Umpqua will post 1.04 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 28th. Umpqua’s payout ratio is 67.92%.

In other news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation bought a new position in shares of Umpqua in the third quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Umpqua by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Umpqua in the second quarter worth $203,000. Raymond James Trust N.A. bought a new position in shares of Umpqua in the second quarter worth $206,000. Finally, Merriman Wealth Management LLC bought a new position in shares of Umpqua in the third quarter worth $220,000. 88.15% of the stock is owned by institutional investors.

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Umpqua Company Profile

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 (NASDAQ:UMPQ)

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