Eagle Asset Management Inc. cut its stake in Umpqua Holdings Corp (NASDAQ:UMPQ) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 840,157 shares of the bank’s stock after selling 78,571 shares during the period. Eagle Asset Management Inc. owned approximately 0.38% of Umpqua worth $18,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mason Street Advisors LLC raised its holdings in Umpqua by 2.1% in the 1st quarter. Mason Street Advisors LLC now owns 110,719 shares of the bank’s stock valued at $2,370,000 after acquiring an additional 2,229 shares in the last quarter. Aperio Group LLC raised its holdings in Umpqua by 1.3% in the 2nd quarter. Aperio Group LLC now owns 187,770 shares of the bank’s stock valued at $4,242,000 after acquiring an additional 2,436 shares in the last quarter. Barclays PLC raised its holdings in Umpqua by 3.0% in the 1st quarter. Barclays PLC now owns 94,471 shares of the bank’s stock valued at $2,023,000 after acquiring an additional 2,726 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Umpqua by 14.9% in the 1st quarter. Natixis Advisors L.P. now owns 28,178 shares of the bank’s stock valued at $603,000 after acquiring an additional 3,663 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Umpqua by 0.9% in the 1st quarter. Royal Bank of Canada now owns 524,574 shares of the bank’s stock valued at $11,231,000 after acquiring an additional 4,929 shares in the last quarter. 90.58% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on UMPQ. BidaskClub raised Umpqua from a “hold” rating to a “buy” rating in a report on Friday, June 8th. DA Davidson boosted their price target on Umpqua from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research raised Umpqua from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Wednesday, June 20th. Barclays boosted their price target on Umpqua from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, April 23rd. Finally, ValuEngine cut Umpqua from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.25.

Umpqua stock opened at $21.40 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.29. Umpqua Holdings Corp has a 52 week low of $16.77 and a 52 week high of $24.89. The firm has a market cap of $4.69 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 18th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Umpqua had a return on equity of 7.11% and a net margin of 22.53%. The business had revenue of $298.95 million for the quarter, compared to analyst estimates of $304.67 million. During the same period last year, the firm posted $0.26 EPS. research analysts forecast that Umpqua Holdings Corp will post 1.41 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.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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