Umpqua Holdings Corp (NASDAQ:UMPQ) Receives $19.50 Consensus Target Price from Brokerages

Umpqua Holdings Corp (NASDAQ:UMPQ) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.50.

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

Shares of UMPQ stock traded up $0.38 during trading hours on Tuesday, hitting $15.66. 1,269,500 shares of the company’s stock were exchanged, compared to its average volume of 1,392,335. The company has a market capitalization of $3.36 billion, a PE ratio of 10.73, a PEG ratio of 1.07 and a beta of 1.06. Umpqua has a 12-month low of $15.09 and a 12-month high of $22.26. The business’s 50 day simple moving average is $16.69 and its 200-day simple moving average is $17.06. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. The firm had revenue of $348.99 million for 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 period last year, the firm posted $0.31 earnings per share. Equities analysts anticipate that Umpqua will post 1.58 EPS for the current year.

In related news, Director Luis Machuca sold 10,000 shares of Umpqua stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $16.77, for a total value of $167,700.00. Following the sale, the director now owns 7,954 shares in the company, valued at $133,388.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David F. Shotwell sold 7,220 shares of Umpqua stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $16.73, for a total transaction of $120,790.60. Following the completion of the sale, the executive vice president now owns 74,530 shares in the company, valued at approximately $1,246,886.90. The disclosure for this sale can be found here. 0.43% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in UMPQ. Atlanta Capital Management Co. L L C boosted its holdings in Umpqua by 16.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 14,443,808 shares of the bank’s stock valued at $239,623,000 after acquiring an additional 2,004,171 shares in the last quarter. FMR LLC boosted its holdings in Umpqua by 1,322.7% in the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock valued at $26,705,000 after acquiring an additional 1,504,734 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in Umpqua by 535.6% in the second quarter. Balyasny Asset Management LLC now owns 1,520,829 shares of the bank’s stock valued at $25,231,000 after acquiring an additional 1,281,553 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Umpqua in the first quarter valued at $14,410,000. Finally, BlackRock Inc. boosted its holdings in Umpqua by 2.9% in the first quarter. BlackRock Inc. now owns 20,429,165 shares of the bank’s stock valued at $337,080,000 after acquiring an additional 570,822 shares in the last quarter. 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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