Umpqua Holdings Corporation (UMPQ) Short Interest Down 26.9% in August
Umpqua Holdings Corporation (NASDAQ:UMPQ) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 3,127,813 shares, a decrease of 26.9% from the July 31st total of 4,279,100 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 1,158,565 shares, the short-interest ratio is currently 2.7 days.
Shares of Umpqua Holdings Corporation (UMPQ) opened at 17.50 on Thursday. The firm has a 50-day moving average of $18.18 and a 200-day moving average of $18.03. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $19.50. The firm has a market cap of $3.85 billion, a P/E ratio of 16.51 and a beta of 1.11.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same period last year, the company earned $0.25 earnings per share. On average, equities analysts forecast that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after buying an additional 24,267,359 shares during the period. Vanguard Group Inc. raised its stake in Umpqua Holdings Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock worth $348,335,000 after buying an additional 205,163 shares during the period. Capital World Investors raised its stake in Umpqua Holdings Corporation by 6.6% in the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock worth $280,418,000 after buying an additional 944,594 shares during the period. State Street Corp raised its stake in Umpqua Holdings Corporation by 10.8% in the first quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock worth $235,592,000 after buying an additional 1,294,031 shares during the period. Finally, Atlanta Capital Management Co. L L C raised its stake in Umpqua Holdings Corporation by 12.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock worth $197,288,000 after buying an additional 1,219,722 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.
UMPQ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods set a $20.00 price objective on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Thursday, June 8th. BidaskClub upgraded shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Stephens reiterated a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Umpqua Holdings Corporation has an average rating of “Hold” and an average price target 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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