Barclays Has Just Reaffirmed $24 Target Price Per Share on Umpqua Holdings (NASDAQ:UMPQ) stock, While They’ve Also Reiterated Their “Equal-Weight” Rating

July 21, 2018 - By Nadine Davis

Umpqua Holdings Corporation (NASDAQ:UMPQ) Logo

Investors sentiment decreased to 1.03 in Q1 2018. Its down 0.31, from 1.34 in 2017Q4. It worsened, as 27 investors sold Umpqua Holdings Corporation shares while 90 reduced holdings. 31 funds opened positions while 89 raised stakes. 193.13 million shares or 0.34% less from 193.79 million shares in 2017Q4 were reported.

Panagora Asset Mngmt reported 0% stake. Tci Wealth reported 0.01% in Umpqua Holdings Corporation (NASDAQ:UMPQ). Morgan Stanley owns 1.32 million shares for 0.01% of their portfolio. White Pine Limited Liability Corporation invested in 0.12% or 15,150 shares. Lsv Asset Mngmt invested in 431,000 shares. Ameriprise Financial holds 1.08M shares. Qs Invsts Limited Liability Company holds 188,969 shares. Signaturefd holds 1,689 shares. Hartford Management reported 500 shares stake. The New York-based Renaissance Ltd Llc has invested 0% in Umpqua Holdings Corporation (NASDAQ:UMPQ). Us Natl Bank De invested in 0.01% or 117,849 shares. First Tru Advsr Lp holds 0.02% or 409,087 shares. 634 were reported by Mercer Capital Advisers. Invesco Ltd reported 240,740 shares or 0% of all its holdings. Ubs Asset Mngmt Americas Inc owns 0% invested in Umpqua Holdings Corporation (NASDAQ:UMPQ) for 201,228 shares.

Since January 31, 2018, it had 0 insider purchases, and 1 insider sale for $124,297 activity.

Umpqua Holdings (NASDAQ:UMPQ) Rating Reaffirmed

In a note made public this morning, Barclays reconfirmed their “Equal-Weight” rating on Umpqua Holdings (NASDAQ:UMPQ) shares. The target price per share suggests a possible upside of 8.11 % from firm’s last stock close price.

Umpqua Holdings Corporation (NASDAQ:UMPQ) Ratings Coverage

Among 9 analysts covering Umpqua Holdings (NASDAQ:UMPQ), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Umpqua Holdings has $2700 highest and $22.5 lowest target. $25.25’s average target is 13.74% above currents $22.2 stock price. Umpqua Holdings had 11 analyst reports since January 24, 2018 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, April 19. The firm has “Neutral” rating given on Wednesday, May 2 by Wedbush. The firm has “Buy” rating given on Wednesday, January 24 by Sandler O’Neill. The firm has “Buy” rating given on Monday, April 23 by SunTrust. The stock of Umpqua Holdings Corporation (NASDAQ:UMPQ) has “Hold” rating given on Tuesday, March 20 by Stephens. Barclays Capital maintained it with “Equal-Weight” rating and $26 target in Monday, April 23 report. Hovde Group maintained Umpqua Holdings Corporation (NASDAQ:UMPQ) on Monday, April 23 with “Hold” rating. As per Thursday, April 19, the company rating was maintained by Sandler O’Neill. Hovde Group maintained Umpqua Holdings Corporation (NASDAQ:UMPQ) on Tuesday, February 6 with “Hold” rating. JP Morgan maintained the shares of UMPQ in report on Thursday, January 25 with “Neutral” rating.

The stock increased 0.09% or $0.02 during the last trading session, reaching $22.2. About 3.24 million shares traded or 46.46% up from the average. Umpqua Holdings Corporation (NASDAQ:UMPQ) has risen 36.10% since July 21, 2017 and is uptrending. It has outperformed by 23.53% the S&P500.

Umpqua Holdings Corporation, through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses. The company has market cap of $4.89 billion. It operates through Community Banking and Home Lending divisions. It has a 17.76 P/E ratio. The Community Banking segment provides loan and deposit products to business and retail customers.

More recent Umpqua Holdings Corporation (NASDAQ:UMPQ) news were published by: which released: “Umpqua Holdings Earnings Outlook” on July 18, 2018. Also published the news titled: “Tracking Ken Fisher’s Fisher Asset Management Portfolio – Q2 2018 Update” on July 18, 2018.‘s news article titled: “Umpqua Reports Second Quarter 2018 Results” with publication date: July 18, 2018 was also an interesting one.

Umpqua Holdings Corporation (NASDAQ:UMPQ) Institutional Positions Chart

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