Umpqua Holdings Corporation (UMPQ) has been under a strong bear grip, hence the stock is down -1.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.65% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.09% in the last 1 week, and is up 0.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Umpqua Holdings Corporation (NASDAQ:UMPQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.28 and $15.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.70, notching a gain of 3.70% for the day. The total traded volume was 1,406,466 . The stock had closed at $15.14 on the previous day.
The stock has recorded a 20-day Moving Average of 1.37% and the 50-Day Moving Average is 1.66%. Umpqua Holdings Corporation is up 5.89% in the last 3-month period. Year-to-Date the stock performance stands at 0.84%.
Umpqua Holdings Corporation (UMPQ) : Average target price received by Umpqua Holdings Corporation (UMPQ) is $15.83 with an expected standard deviation of $1.72. The most aggressive target on the stock is $18, whereas the most downbeat target is $13. 6 financial analysts are currently covering the stock.
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.