Market Overview

UPDATE: Barclays Upgrades Umpqua


In a note released Wednesday, Barclays upgraded shares of Umpqua (NASDAQ: UMPQ) from Underweight to Equal-Weight.

Analysts Matthew J. Keating and Jason M. Goldberg said that while they think UMPQ's 2015 EPS estimate is about eight percent too high, both analysts believe its valuation discount, versus the group, incorporates much of this risk. Both analysts then proceeded to say that with UMPQ's mortgage banking results having hit a near-term bottom in the the first quarter of 2014, a large valuation discount for the group is warranted and increased their price target to $19 from $17.

In regards toward long-term scale benefits, derived from the firm's acquisition of Sterling Financial (NASDAQ: STSA), both analysts believe these are likely to be meaningful. With the combined company positioned as the Pacific Northwest's largest community banking orientated institution, its future growth appears healthy.

Shares of Umpqua closed Tuesday at $17.50.

Latest Ratings for UMPQ

Jul 2020WedbushMaintainsNeutral
May 2020SunTrust Robinson HumphreyMaintainsBuy
Apr 2020DA DavidsonMaintainsBuy

View More Analyst Ratings for UMPQ
View the Latest Analyst Ratings


Related Articles (UMPQ)

View Comments and Join the Discussion!

Posted-In: Barclays Jason M. Goldberg Matthew J. KeatingAnalyst Color Upgrades Price Target Analyst Ratings

Latest Ratings

UBERRBC CapitalMaintains50.0
WIXJMP SecuritiesMaintains363.0
CVIJP MorganInitiates Coverage On22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at