BNP Paribas Arbitrage SA Has $2.04 Million Position in Umpqua Holdings Corporation (UMPQ)
BNP Paribas Arbitrage SA increased its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 92.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,184 shares of the bank’s stock after buying an additional 53,434 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Umpqua Holdings Corporation worth $2,041,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in UMPQ. Tyers Asset Management LLC raised its stake in Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock worth $118,000 after buying an additional 1,424 shares during the period. Huntington National Bank raised its stake in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after buying an additional 1,685 shares during the period. Acrospire Investment Management LLC raised its stake in Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock worth $139,000 after buying an additional 1,500 shares during the period. Elkfork Partners LLC raised its stake in Umpqua Holdings Corporation by 27.2% in the first quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock worth $162,000 after buying an additional 1,958 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Umpqua Holdings Corporation by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock worth $179,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.
Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 17.50 on Friday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 16.51 and a beta of 1.11. The stock has a 50 day moving average price of $18.05 and a 200-day moving average price of $18.00. Umpqua Holdings Corporation has a 52 week low of $14.77 and a 52 week high of $19.50.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The company had revenue of $283.20 million for the quarter, compared to the consensus estimate of $285.71 million. During the same period last year, the business posted $0.25 earnings per share. Analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.
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A number of equities research analysts have commented on the company. BidaskClub lowered Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. SunTrust Banks, Inc. assumed coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They issued a “buy” rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Thursday, June 8th. Zacks Investment Research lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, ValuEngine lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.17.
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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