NumerixS Investment Technologies Inc lifted its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 17.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,400 shares of the bank’s stock after purchasing an additional 1,700 shares during the period. NumerixS Investment Technologies Inc’s holdings in Umpqua were worth $190,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UMPQ. Bremer Trust National Association acquired a new position in Umpqua during the 4th quarter worth $27,000. Financial Advocates Investment Management grew its stake in Umpqua by 45.1% during the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock worth $43,000 after purchasing an additional 1,001 shares in the last quarter. Enlightenment Research LLC acquired a new position in Umpqua during the 4th quarter worth $45,000. Parallel Advisors LLC grew its stake in Umpqua by 58.4% during the 4th quarter. Parallel Advisors LLC now owns 3,031 shares of the bank’s stock worth $48,000 after purchasing an additional 1,118 shares in the last quarter. Finally, JOYN Advisors Inc. grew its stake in Umpqua by 60.9% during the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock worth $54,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors own 87.57% of the company’s stock.

NASDAQ UMPQ traded down $0.09 during trading on Wednesday, reaching $16.34. 7,468 shares of the company’s stock were exchanged, compared to its average volume of 1,719,859. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.99. Umpqua Holdings Corp has a 1 year low of $15.09 and a 1 year high of $24.60.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The business had revenue of $283.43 million for the quarter, compared to analysts’ expectations of $301.29 million. Umpqua had a return on equity of 7.91% and a net margin of 23.20%. During the same period last year, the firm earned $0.35 earnings per share. As a group, equities research analysts expect that Umpqua Holdings Corp will post 1.55 earnings per share for the current year.

UMPQ has been the subject of several analyst reports. DA Davidson reissued a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. BidaskClub raised Umpqua from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Stephens reaffirmed a “hold” rating and set a $21.00 price target on shares of Umpqua in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.44.

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Umpqua 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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