Analyst Price Target Update on Umpqua Holdings Corporation (NASDAQ:UMPQ)

Umpqua Holdings Corporation (NASDAQ:UMPQ): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $16.58 in Umpqua Holdings Corporation (NASDAQ:UMPQ). However, the stock price could fluctuate by $ 1.69 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $18 price target with the lower price estimate is calculated at $14

Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods downgrades its view on Umpqua Holdings Corporation (NASDAQ:UMPQ) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Keefe Bruyette & Woods lowers the price target from $19 per share to $18 per share on Umpqua Holdings Corporation. The rating by the firm was issued on April 22, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director officer (President & CEO), of Umpqua Holdings Corp, Davis Raymond P had unloaded 14,700 shares at $17.2 per share in a transaction on October 29, 2015. The total value of transaction was $252,840. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Umpqua Holdings Corporation (NASDAQ:UMPQ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.28 points or 1.81% at $15.2 with 1,485,290 shares getting traded. Post opening the session at $15.35, the shares hit an intraday low of $15.16 and an intraday high of $15.44 and the price was in this range throughout the day. The company has a market cap of $3,351 million and the number of outstanding shares have been calculated to be 220,462,520 shares. The 52-week high of Umpqua Holdings Corporation (NASDAQ:UMPQ) is $18.92 and the 52-week low is $13.455.

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.

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