Cim Investment Mangement Inc. reduced its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,442 shares of the bank’s stock after selling 917 shares during the period. Cim Investment Mangement Inc.’s holdings in Umpqua Holdings Corporation were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new position in Umpqua Holdings Corporation during the first quarter worth $7,183,000. First Trust Advisors LP boosted its position in Umpqua Holdings Corporation by 103.6% in the first quarter. First Trust Advisors LP now owns 1,784,553 shares of the bank’s stock worth $31,658,000 after buying an additional 907,935 shares during the last quarter. LSV Asset Management bought a new position in Umpqua Holdings Corporation during the first quarter worth $1,350,000. Tyers Asset Management LLC boosted its position in Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock worth $118,000 after buying an additional 1,424 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in Umpqua Holdings Corporation by 0.9% in the first quarter. State Treasurer State of Michigan now owns 89,500 shares of the bank’s stock worth $1,588,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Shares of Umpqua Holdings Corporation (UMPQ) opened at 17.55 on Thursday. Umpqua Holdings Corporation has a 52-week low of $14.77 and a 52-week high of $19.50. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 16.56 and a beta of 1.11. The stock has a 50 day moving average of $18.18 and a 200 day moving average of $18.03.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The company had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. During the same quarter last year, the company earned $0.25 EPS. On average, equities research analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current year.

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A number of research firms have weighed in on UMPQ. Zacks Investment Research cut shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Stephens reiterated a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 target price on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. Finally, Wedbush began coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company 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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Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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