Umpqua Holdings Corp (NASDAQ:UMPQ) Shares Sold by Keybank National Association OH

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Keybank National Association OH trimmed its holdings in Umpqua Holdings Corp (NASDAQ:UMPQ) by 46.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,917 shares of the bank’s stock after selling 25,075 shares during the quarter. Keybank National Association OH’s holdings in Umpqua were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC grew its stake in shares of Umpqua by 3,046.5% in the 2nd quarter. CWM LLC now owns 7,237 shares of the bank’s stock valued at $120,000 after buying an additional 7,007 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Umpqua by 96.3% in the 2nd quarter. Advisor Group Inc. now owns 43,118 shares of the bank’s stock valued at $716,000 after buying an additional 21,149 shares in the last quarter. Abbrea Capital LLC grew its stake in shares of Umpqua by 3.9% in the 2nd quarter. Abbrea Capital LLC now owns 30,468 shares of the bank’s stock valued at $512,000 after buying an additional 1,132 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Umpqua by 30.3% in the 2nd quarter. AMG National Trust Bank now owns 63,983 shares of the bank’s stock valued at $1,061,000 after buying an additional 14,873 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Umpqua by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 40,740 shares of the bank’s stock valued at $676,000 after buying an additional 590 shares in the last quarter. 87.10% of the stock is owned by institutional investors.

Shares of Umpqua stock opened at $15.80 on Wednesday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 10.88, a PEG ratio of 1.10 and a beta of 1.06. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $16.62 and a two-hundred day moving average price of $17.03. Umpqua Holdings Corp has a 12-month low of $15.09 and a 12-month high of $22.26.

Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 17th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $348.99 million during the quarter, compared to analysts’ expectations of $300.90 million. Umpqua had a return on equity of 8.71% and a net margin of 25.09%. During the same quarter in the prior year, the business earned $0.31 earnings per share. Sell-side analysts anticipate that Umpqua Holdings Corp will post 1.58 earnings per share for the current year.

In other Umpqua news, EVP David F. Shotwell sold 7,220 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $16.73, for a total transaction of $120,790.60. Following the transaction, the executive vice president now owns 74,530 shares in the company, valued at $1,246,886.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Luis Machuca sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $16.77, for a total value of $167,700.00. Following the transaction, the director now owns 7,954 shares in the company, valued at approximately $133,388.58. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

Several brokerages recently commented on UMPQ. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. BidaskClub raised Umpqua from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 29th. Raymond James set a $18.00 price target on Umpqua and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Stephens reissued a “hold” rating and issued a $18.00 price target on shares of Umpqua in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.20.

Umpqua Company Profile

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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