Umpqua Holdings Corp (NASDAQ:UMPQ) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.20.

UMPQ has been the topic of a number of research reports. BidaskClub cut Umpqua from a “sell” rating to a “strong sell” rating in a report on Friday, May 8th. DA Davidson lowered their price target on Umpqua from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, April 24th. ValuEngine upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Friday, May 1st. TheStreet cut Umpqua from a “c” rating to a “d” rating in a report on Tuesday, May 12th. Finally, Zacks Investment Research cut Umpqua from a “hold” rating to a “sell” rating in a report on Saturday, April 25th.

A number of hedge funds have recently bought and sold shares of UMPQ. CENTRAL TRUST Co lifted its stake in Umpqua by 100.0% in the 1st quarter. CENTRAL TRUST Co now owns 3,000 shares of the bank’s stock valued at $33,000 after buying an additional 1,500 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of Umpqua by 771.3% during the 1st quarter. Sowell Financial Services LLC now owns 5,045 shares of the bank’s stock worth $55,000 after purchasing an additional 4,466 shares during the period. Parallel Advisors LLC lifted its stake in shares of Umpqua by 18.7% during the 4th quarter. Parallel Advisors LLC now owns 3,914 shares of the bank’s stock worth $69,000 after purchasing an additional 617 shares during the period. Huntington National Bank lifted its stake in shares of Umpqua by 32.7% during the 1st quarter. Huntington National Bank now owns 6,772 shares of the bank’s stock worth $74,000 after purchasing an additional 1,668 shares during the period. Finally, Aigen Investment Management LP lifted its stake in shares of Umpqua by 499,050.0% during the 1st quarter. Aigen Investment Management LP now owns 9,983 shares of the bank’s stock worth $109,000 after purchasing an additional 9,981 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ UMPQ opened at $9.54 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $11.04 and its two-hundred day moving average is $15.10. Umpqua has a 12-month low of $8.88 and a 12-month high of $18.94. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 2.20 and a beta of 1.28.

Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, April 22nd. The bank reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.42). The business had revenue of $259.18 million for the quarter, compared to analyst estimates of $290.59 million. Umpqua had a return on equity of 6.57% and a net margin of 17.34%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities analysts forecast that Umpqua will post 0.65 earnings per share for the current fiscal year.

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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