Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.50.

UMPQ has been the subject of several analyst reports. BidaskClub upgraded shares of Umpqua from a “strong sell” rating to a “sell” rating in a report on Saturday, June 29th. Raymond James set a $18.00 target price on shares of Umpqua and gave the company a “buy” rating in a report on Friday, July 19th. Stephens reiterated a “hold” rating and issued a $18.00 target price on shares of Umpqua in a report on Thursday, July 18th. Finally, Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

Shares of UMPQ stock traded up $0.38 on Tuesday, hitting $15.66. The stock had a trading volume of 1,269,500 shares, compared to its average volume of 1,392,335. The business has a 50 day moving average of $16.69 and a 200 day moving average of $17.06. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.01 and a quick ratio of 0.99. Umpqua has a 12-month low of $15.09 and a 12-month high of $22.26.

Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 17th. The bank reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The company had revenue of $348.99 million during the quarter, compared to the consensus estimate of $300.90 million. Umpqua had a net margin of 25.09% and a return on equity of 8.71%. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, research analysts expect that Umpqua will post 1.58 earnings per share for the current fiscal year.

In related news, Director Luis Machuca sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $16.77, for a total transaction of $167,700.00. Following the completion of the sale, the director now owns 7,954 shares in the company, valued at $133,388.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David F. Shotwell sold 7,220 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $16.73, for a total transaction of $120,790.60. Following the sale, the executive vice president now owns 74,530 shares of the company’s stock, valued at approximately $1,246,886.90. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of UMPQ. Atlanta Capital Management Co. L L C boosted its position in Umpqua by 16.1% during the second quarter. Atlanta Capital Management Co. L L C now owns 14,443,808 shares of the bank’s stock worth $239,623,000 after purchasing an additional 2,004,171 shares during the period. FMR LLC boosted its position in Umpqua by 1,322.7% during the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock worth $26,705,000 after purchasing an additional 1,504,734 shares during the period. Balyasny Asset Management LLC boosted its position in Umpqua by 535.6% during the second quarter. Balyasny Asset Management LLC now owns 1,520,829 shares of the bank’s stock worth $25,231,000 after purchasing an additional 1,281,553 shares during the period. Great Lakes Advisors LLC bought a new position in Umpqua during the first quarter worth about $14,410,000. Finally, BlackRock Inc. boosted its position in Umpqua by 2.9% during the first quarter. BlackRock Inc. now owns 20,429,165 shares of the bank’s stock worth $337,080,000 after purchasing an additional 570,822 shares during the period. Institutional investors and hedge funds own 86.89% of the company’s stock.

Umpqua Company Profile

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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