Umpqua Holdings Corporation (UMPQ) : 3 brokerage houses believe that Umpqua Holdings Corporation (UMPQ) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Umpqua Holdings Corporation (UMPQ). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.
Umpqua Holdings Corporation (UMPQ) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $14. The average forecast of all the analysts is $16.58 and the expected standard deviation is $1.69.
Umpqua Holdings Corporation (NASDAQ:UMPQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.91 and $14.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.29, notching a gain of 1.73% for the day. The total traded volume was 1,995,195 . The stock had closed at $15.03 on the previous day.
Also, Major Brokerage house, Keefe Bruyette & Woods downgrades its ratings on Umpqua Holdings Corporation (NASDAQ:UMPQ). In the latest research report, Keefe Bruyette & Woods lowers the target price from $19 per share to $18 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 22, 2016. The company shares have dropped -14.80% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $18.89 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $15.51 and the 200 Day Moving Average price is recorded at $15.40.
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.