ClariVest Asset Management LLC Has $1.84 Million Position in Umpqua Holdings Corporation (UMPQ)

ClariVest Asset Management LLC raised its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 27.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 100,300 shares of the bank’s stock after buying an additional 21,900 shares during the period. ClariVest Asset Management LLC’s holdings in Umpqua Holdings Corporation were worth $1,842,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in Umpqua Holdings Corporation by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock valued at $1,486,000 after buying an additional 3,397 shares during the last quarter. TCW Group Inc. boosted its stake in Umpqua Holdings Corporation by 10.5% in the first quarter. TCW Group Inc. now owns 106,644 shares of the bank’s stock valued at $1,891,000 after buying an additional 10,098 shares during the last quarter. Trexquant Investment LP boosted its stake in Umpqua Holdings Corporation by 45.7% in the first quarter. Trexquant Investment LP now owns 52,324 shares of the bank’s stock valued at $928,000 after buying an additional 16,424 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Umpqua Holdings Corporation by 7.3% in the first quarter. PNC Financial Services Group Inc. now owns 49,037 shares of the bank’s stock valued at $870,000 after buying an additional 3,340 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Umpqua Holdings Corporation during the first quarter valued at about $271,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Shares of Umpqua Holdings Corporation (UMPQ) opened at 17.02 on Friday. The company has a 50-day moving average price of $18.39 and a 200 day moving average price of $18.07. The firm has a market capitalization of $3.75 billion, a PE ratio of 16.06 and a beta of 1.11. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $19.50.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. The business had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, equities analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.

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Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Tuesday, May 9th. Zacks Investment Research upgraded Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub cut Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Wedbush assumed coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, Stephens reiterated a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and an average price target of $19.86.

Umpqua Holdings Corporation Company Profile

Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.

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Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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