Umpqua Holdings Corporation (NASDAQ: UMPQ) and Sterling Financial Corporation (NASDAQ: STSA) are pleased to announce that their respective shareholders have voted overwhelmingly to approve the companies’ Agreement and Plan of Merger, previously announced on September 11, 2013. Umpqua’s shareholders also approved an amendment to Umpqua’s articles of incorporation, effective at the closing of the merger, increasing the number of authorized shares of common stock to 400,000,000. Umpqua Holdings Corp (NASDAQ:UMPQ) stock opened at $17.59 in last session, and closed at $17.96, while the day range of UMPQ stock is $17.43-$17.98.The stock showed a positive weekly performance of 4.00%.
DA Davidson increased their price objective on shares of Zions Bancorporation (NASDAQ:ZION) from $34.00 to $36.00 in a research note issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 16.50% from the company’s current price. Zions Bancorporation (NASDAQ:ZION) stock opened at $30.89, in last session and closed at $30.92, by loosed -0.90%.The 52 week range was $23.10-$32.29.Company’s market capitalization is $5.71 billion.
PacWest Bancorp (NASDAQ:PACW) Director Stephen Dunn unloaded 18,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $41.50, for a total transaction of $747,000.00. Following the completion of the transaction, the director now directly owns 1,861 shares in the company, valued at approximately $77,232. PacWest Bancorp (NASDAQ:PACW) stock gained 0.28% and finished the last session at $43.52.The EPS of the stock remained 1.04.Company’s market capitalization is $1.93 billion.
Shares of SIVB Financial Group (NASDAQ:SIVB) have received a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, American Banking & Market News reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $111.78. SVB Financial Group (NASDAQ:SIVB) stock opened the session at $124.85, and closed the session at $122.55.The 52 week range of the OHRP stock remained $65.59-$128.13 and the day range was $121.89-$124.85.
Leave a Reply