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Umpqua Holdings (UMPQ) in Focus: Stock Moves 6.6% Higher

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Umpqua Holdings Corporation UMPQ was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.98 to $22.59 in the past one-month time frame.

The company has seen one negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Umpqua Holdings currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Umpqua Holdings Corporation Price

Umpqua Holdings Corporation Price | Umpqua Holdings Corporation Quote

 

A better-ranked stock in the Finance sector is American River Bankshares AMRB, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is UMPQ going up? Or down? Predict to see what others think: Up or Down

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