Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) traded today at $19.08, eclipsing its 52-week high. This new high was reached on below average trading volume as 223,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Based on a current price of $18.99, Umpqua Holdings Corporation is currently 5.3% above its average consensus analyst price target of $17.99.
Umpqua Holdings Corporation share prices have moved between a 52-week high of $19.08 and a 52-week low of $8.88 and are now trading 114% above that low price at $18.99 per share.
Umpqua Holdings Corp is the parent company of Umpqua Bank, an Oregon-based community bank with operations mostly in the Pacific Northwest region of the United States as well as Nevada. The bank provides a broad range of banking, wealth management, mortgage, and other financial services to corporate, institutional, and individual customers. Its community banking model places a high premium on innovation, specifically on its product delivery system and its service user experience. The company also owns another operating subsidiary, Umpqua Investments, a registered broker-dealer and investment advisor offering a full range of investment products and services, including various securities and planning services as well as insurance. The bank’s main source of revenue is net interest income.
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