Keefe, Bruyette & Woods Raising Estimates On Umpqua

According to Keefe, Bruyette & Woods, Umpqua Holdings UMPQ estimates are raised. Keefe, Bruyette & Woods said that it is raising estimates after UMPQ's operating EPS of $0.12 beat the forecast due to a stronger core margin. “Preprovision profitability improved despite a modest decline in non-covered loans. Credit trends strengthened modestly with non-covered NPAs plus TDRs down 30 bps to 4.31%. Raising estimates, target.” Umpqua Holdings closed yesterday at $11.57.