Royce & Associates LP Has $12.05 Million Position in Umpqua Holdings Corporation (UMPQ)
Royce & Associates LP decreased its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 656,035 shares of the bank’s stock after selling 39,000 shares during the period. Royce & Associates LP owned approximately 0.30% of Umpqua Holdings Corporation worth $12,045,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bridge City Capital LLC bought a new position in shares of Umpqua Holdings Corporation during the second quarter worth approximately $1,230,000. Paradigm Asset Management Co. LLC bought a new position in shares of Umpqua Holdings Corporation during the second quarter worth approximately $606,000. Deprince Race & Zollo Inc. bought a new position in shares of Umpqua Holdings Corporation during the second quarter worth approximately $28,844,000. BNP Paribas Arbitrage SA raised its position in shares of Umpqua Holdings Corporation by 92.5% in the second quarter. BNP Paribas Arbitrage SA now owns 111,184 shares of the bank’s stock worth $2,041,000 after buying an additional 53,434 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Umpqua Holdings Corporation by 83.0% in the second quarter. Comerica Bank now owns 311,659 shares of the bank’s stock worth $5,884,000 after buying an additional 141,376 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Umpqua Holdings Corporation (UMPQ) opened at 17.71 on Friday. The company has a market cap of $3.90 billion, a P/E ratio of 16.71 and a beta of 1.13. Umpqua Holdings Corporation has a 52 week low of $14.77 and a 52 week high of $19.50. The company’s 50-day moving average price is $18.03 and its 200 day moving average price is $17.99.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same period last year, the firm earned $0.25 EPS. On average, equities analysts forecast that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.
A number of brokerages have recently commented on UMPQ. SunTrust Banks, Inc. began coverage on Umpqua Holdings Corporation in a report on Friday, August 18th. They set a “buy” rating and a $20.00 price objective on the stock. BidaskClub lowered Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Stephens reissued a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Umpqua Holdings Corporation currently has an average rating of “Hold” and an average target price of $20.17.
About Umpqua Holdings Corporation
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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