BidaskClub downgraded shares of Umpqua (NASDAQ:UMPQ) from a hold rating to a sell rating in a research report released on Thursday morning.

UMPQ has been the topic of a number of other research reports. Piper Jaffray Companies set a $20.00 target price on Umpqua and gave the company a sell rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Umpqua from a sell rating to a hold rating in a report on Tuesday, August 21st. Wedbush cut Umpqua from an outperform rating to a neutral rating and set a $25.00 target price on the stock. in a report on Wednesday, May 2nd. ValuEngine cut Umpqua from a buy rating to a hold rating in a report on Tuesday, July 31st. Finally, Barclays reduced their target price on Umpqua from $26.00 to $24.00 and set an equal weight rating on the stock in a report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $24.25.

UMPQ stock opened at $21.18 on Thursday. Umpqua has a 52-week low of $16.77 and a 52-week high of $24.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $4.68 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96.

Umpqua (NASDAQ:UMPQ) last issued its earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Umpqua had a net margin of 22.53% and a return on equity of 7.11%. The firm had revenue of $298.95 million during the quarter, compared to analyst estimates of $304.67 million. During the same quarter in the previous year, the business posted $0.26 EPS. equities research analysts predict that Umpqua will post 1.41 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of UMPQ. Millennium Management LLC lifted its stake in shares of Umpqua by 135.4% during the first quarter. Millennium Management LLC now owns 6,006,151 shares of the bank’s stock worth $128,592,000 after purchasing an additional 3,455,114 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Umpqua during the second quarter worth about $26,307,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Umpqua during the first quarter worth about $23,435,000. Mainstay Capital Management LLC ADV increased its position in shares of Umpqua by 964.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,098,174 shares of the bank’s stock worth $47,583,000 after acquiring an additional 994,958 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Umpqua by 61.9% during the second quarter. Segall Bryant & Hamill LLC now owns 2,310,306 shares of the bank’s stock worth $52,190,000 after acquiring an additional 883,556 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.

Umpqua Company Profile

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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