American International Group Inc. lowered its position in Umpqua Holdings Co. (NASDAQ:UMPQ) by 3.7% in the first quarter, HoldingsChannel.com reports. The firm owned 578,045 shares of the bank’s stock after selling 22,263 shares during the period. American International Group Inc.’s holdings in Umpqua were worth $12,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quantitative Investment Management LLC purchased a new position in Umpqua during the fourth quarter worth about $2,059,000. Swiss National Bank boosted its stake in Umpqua by 2.0% during the fourth quarter. Swiss National Bank now owns 375,125 shares of the bank’s stock worth $7,803,000 after buying an additional 7,500 shares during the period. Koch Industries Inc. purchased a new position in Umpqua during the fourth quarter worth about $914,000. TCW Group Inc. boosted its stake in Umpqua by 7.7% during the fourth quarter. TCW Group Inc. now owns 130,775 shares of the bank’s stock worth $2,720,000 after buying an additional 9,386 shares during the period. Finally, Advisor Group Inc. boosted its stake in Umpqua by 15.2% during the fourth quarter. Advisor Group Inc. now owns 21,859 shares of the bank’s stock worth $454,000 after buying an additional 2,884 shares during the period. 90.37% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on UMPQ shares. Zacks Investment Research lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, March 28th. Hovde Group reaffirmed a “hold” rating and set a $22.50 target price on shares of Umpqua in a research note on Tuesday, February 6th. Stephens reaffirmed a “hold” rating and set a $24.00 target price on shares of Umpqua in a research note on Tuesday, March 20th. Barclays increased their target price on shares of Umpqua from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, April 23rd. Finally, BidaskClub raised shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Umpqua has an average rating of “Hold” and an average target price of $23.88.

Shares of UMPQ opened at $23.97 on Thursday. The stock has a market cap of $5.22 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. Umpqua Holdings Co. has a 1 year low of $23.70 and a 1 year high of $23.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.07. The business had revenue of $301.80 million for the quarter, compared to analysts’ expectations of $289.28 million. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. During the same quarter in the prior year, the company earned $0.21 earnings per share. analysts predict that Umpqua Holdings Co. will post 1.44 EPS for the current year.

Umpqua Company Profile

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.

Want to see what other hedge funds are holding UMPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Umpqua Holdings Co. (NASDAQ:UMPQ).

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.