Royce & Associates LP Cuts Holdings in Umpqua Holdings Corp (UMPQ)

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Royce & Associates LP decreased its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 6.5% during the third quarter, HoldingsChannel.com reports. The firm owned 438,535 shares of the bank’s stock after selling 30,500 shares during the period. Royce & Associates LP’s holdings in Umpqua were worth $9,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aperio Group LLC grew its position in shares of Umpqua by 1.3% in the 2nd quarter. Aperio Group LLC now owns 187,770 shares of the bank’s stock worth $4,242,000 after buying an additional 2,436 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Umpqua by 3.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 85,169 shares of the bank’s stock worth $1,924,000 after buying an additional 2,477 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Umpqua by 25.8% in the 3rd quarter. Raymond James Trust N.A. now owns 12,561 shares of the bank’s stock worth $261,000 after buying an additional 2,578 shares during the last quarter. Foster & Motley Inc. grew its position in shares of Umpqua by 15.6% in the 3rd quarter. Foster & Motley Inc. now owns 20,912 shares of the bank’s stock worth $435,000 after buying an additional 2,826 shares during the last quarter. Finally, Abbrea Capital LLC grew its position in shares of Umpqua by 12.8% in the 2nd quarter. Abbrea Capital LLC now owns 27,381 shares of the bank’s stock worth $624,000 after buying an additional 3,110 shares during the last quarter. 88.44% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:UMPQ opened at $17.83 on Friday. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.35 and a beta of 0.95. Umpqua Holdings Corp has a twelve month low of $17.37 and a twelve month high of $24.89. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $313.76 million for the quarter, compared to the consensus estimate of $309.37 million. Umpqua had a net margin of 24.23% and a return on equity of 7.74%. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, equities research analysts expect that Umpqua Holdings Corp will post 1.47 earnings per share for the current year.

Several research firms have weighed in on UMPQ. ValuEngine downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Umpqua has a consensus rating of “Hold” and a consensus price target of $23.92.

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Umpqua 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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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 Corp (NASDAQ:UMPQ).

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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