Analysts at SunTrust Banks, Inc. assumed coverage on shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in a report released on Friday. The brokerage set a “buy” rating and a $20.00 price target on the bank’s stock. SunTrust Banks, Inc.’s target price suggests a potential upside of 16.14% from the company’s previous close. SunTrust Banks also issued estimates for Umpqua Holdings Corporation’s Q3 2017 earnings at $0.27 EPS, Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.26 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, July 25th. Stephens restated a “hold” rating and set a $20.00 price target on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the stock a “hold” rating in a research report on Thursday, June 8th. ValuEngine lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus target price of $19.88.
Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 17.22 on Friday. Umpqua Holdings Corporation has a 12-month low of $14.78 and a 12-month high of $19.50. The company has a market cap of $3.79 billion, a P/E ratio of 16.25 and a beta of 1.11. The firm’s 50 day moving average is $18.35 and its 200 day moving average is $18.06.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The company had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. During the same quarter last year, the business earned $0.25 EPS. Equities research analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd raised its position in Umpqua Holdings Corporation by 56.8% in the second quarter. WINTON GROUP Ltd now owns 44,966 shares of the bank’s stock valued at $826,000 after buying an additional 16,291 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Umpqua Holdings Corporation by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock valued at $2,295,000 after buying an additional 820 shares during the last quarter. Koch Industries Inc. purchased a new position in Umpqua Holdings Corporation during the second quarter valued at $460,000. Ameritas Investment Partners Inc. raised its position in Umpqua Holdings Corporation by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 85,408 shares of the bank’s stock valued at $1,568,000 after buying an additional 1,798 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Umpqua Holdings Corporation during the second quarter valued at $269,000. Institutional investors own 88.52% of the company’s stock.
Umpqua Holdings Corporation 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.
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