Zions Bancorporation bought a new stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,203 shares of the bank’s stock, valued at approximately $121,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Citadel Advisors LLC lifted its stake in Umpqua by 591.2% in the second quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock worth $48,665,000 after acquiring an additional 2,267,129 shares during the period. Janus Henderson Group PLC purchased a new stake in Umpqua in the second quarter worth about $38,607,000. Balyasny Asset Management LLC lifted its stake in Umpqua by 1,072.4% in the second quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock worth $34,974,000 after acquiring an additional 1,742,435 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Umpqua in the second quarter worth about $28,844,000. Finally, Atlanta Capital Management Co. L L C lifted its stake in Umpqua 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 acquiring an additional 1,219,722 shares during the period. 88.26% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on UMPQ shares. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Umpqua in a research note on Wednesday, October 4th. Wells Fargo & Company upped their price objective on shares of Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods raised shares of Umpqua from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Barclays upped their price objective on shares of Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Umpqua in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.17.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at $20.48 on Friday. The company has a market cap of $4,602.84, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. Umpqua Holdings Corporation has a 1 year low of $16.65 and a 1 year high of $22.86. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same period in the previous year, the company posted $0.28 earnings per share. equities research analysts predict that Umpqua Holdings Corporation will post 1.04 EPS for the current year.

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Umpqua Company Profile

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.

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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