Umpqua Holdings Corp (UMPQ) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Umpqua Holdings Corp. Umpqua Holdings Corp was Downgraded by Piper Jaffray to ” Underweight” on Apr 21, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Sector Perform” and Lowered the Price Target to $ 17 from a previous price target of $19 .
On the company’s financial health, Umpqua Holdings Corp reported $0.29 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.29.Analysts expectations of $ 286.28.During the same quarter in the previous year, the company posted $0.26 EPS.
Umpqua Holdings Corp closed down -0.84 points or -5.02% at $15.88 with 49,80,006 shares getting traded on Wednesday. Post opening the session at $15.98, the shares hit an intraday low of $15.84 and an intraday high of $16.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Oct 30, 2015, Raymond P Davis (President & CEO) sold 14,700 shares at $17.20 per share price. According to the SEC, on May 6, 2015, Peggy Y Fowler (director) purchased 2,000 shares at $17.00 per share price.
Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments Inc. (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas. Its Community Banking segment operates over 380 locations in Oregon and Washington among others. Its Home Lending segment operates as a division of the Bank and originates sells and services residential mortgage loans. The Bank is engaged in the business of commercial and retail banking and the delivery of retail brokerage services. The Bank provides a range of banking wealth management mortgage banking and other financial services to corporate institutional and individual customers. Umpqua Investments is a broker-dealer and investment advisor. Pivotus Ventures Inc. is the subsidiary of the Company.