Royce & Associates LP Sells 30,500 Shares of Umpqua Holdings Corp (UMPQ)

Royce & Associates LP lessened its holdings in Umpqua Holdings Corp (NASDAQ:UMPQ) by 6.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 438,535 shares of the bank’s stock after selling 30,500 shares during the quarter. Royce & Associates LP owned about 0.20% of Umpqua worth $9,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TRUE Private Wealth Advisors bought a new position in Umpqua in the third quarter worth approximately $103,000. Itau Unibanco Holding S.A. acquired a new stake in Umpqua during the 2nd quarter valued at approximately $143,000. Cerebellum GP LLC acquired a new stake in Umpqua during the 3rd quarter valued at approximately $173,000. Summit X LLC acquired a new stake in Umpqua during the 2nd quarter valued at approximately $211,000. Finally, Brown Advisory Inc. acquired a new stake in Umpqua during the 3rd quarter valued at approximately $217,000. Institutional investors and hedge funds own 88.44% of the company’s stock.

Shares of Umpqua stock opened at $17.83 on Friday. Umpqua Holdings Corp has a fifty-two week low of $17.37 and a fifty-two week high of $24.89. The firm has a market capitalization of $3.93 billion, a PE ratio of 12.65, a PEG ratio of 1.35 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.

Umpqua (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. The company had revenue of $313.76 million for the quarter, compared to analyst estimates of $309.37 million. During the same period in the prior year, the firm posted $0.28 EPS. Equities analysts anticipate that Umpqua Holdings Corp will post 1.47 earnings per share for the current fiscal year.

Several brokerages have commented on UMPQ. Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday. BidaskClub lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Friday, November 30th. Finally, Piper Jaffray Companies upgraded shares of Umpqua from an “underweight” rating to a “neutral” rating and set a $20.00 target price on the stock in a research report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Umpqua presently has a consensus rating of “Hold” and a consensus target price of $23.92.

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About Umpqua

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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