Umpqua Holdings Corporation (UMPQ) : 8 analysts are covering Umpqua Holdings Corporation (UMPQ) and their average rating on the stock is 2.88, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Umpqua Holdings Corporation (UMPQ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Umpqua Holdings Corporation (UMPQ) : The consensus price target for Umpqua Holdings Corporation (UMPQ) is $15.83 for the short term with a standard deviation of $1.72. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $13.
Company shares have received an average consensus rating of Hold for the current week
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 $14.95 and $14.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.10, notching a gain of 1.07% for the day. The total traded volume was 832,001 . The stock had closed at $14.94 on the previous day.
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.