Canada Pension Plan Investment Board reduced its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 61.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,600 shares of the bank’s stock after selling 75,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Umpqua were worth $1,053,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Mason Street Advisors LLC grew its stake in shares of Umpqua by 2.1% during the first quarter. Mason Street Advisors LLC now owns 110,719 shares of the bank’s stock valued at $2,370,000 after buying an additional 2,229 shares during the last quarter. Aperio Group LLC grew its stake in shares of Umpqua by 1.3% during the second quarter. Aperio Group LLC now owns 187,770 shares of the bank’s stock valued at $4,242,000 after buying an additional 2,436 shares during the last quarter. Barclays PLC grew its stake in shares of Umpqua by 3.0% during the first quarter. Barclays PLC now owns 94,471 shares of the bank’s stock valued at $2,023,000 after buying an additional 2,726 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Umpqua by 14.9% during the first quarter. Natixis Advisors L.P. now owns 28,178 shares of the bank’s stock valued at $603,000 after buying an additional 3,663 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Umpqua by 2.5% during the second quarter. Arizona State Retirement System now owns 152,861 shares of the bank’s stock valued at $3,453,000 after buying an additional 3,758 shares during the last quarter. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Umpqua stock opened at $21.66 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.80 billion, a PE ratio of 20.24, a PEG ratio of 1.72 and a beta of 0.95. Umpqua Holdings Corp has a 1-year low of $16.91 and a 1-year high of $24.89.

Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). The firm had revenue of $298.95 million for the quarter, compared to analysts’ expectations of $304.67 million. Umpqua had a return on equity of 7.11% and a net margin of 22.53%. During the same quarter in the prior year, the company posted $0.26 earnings per share. sell-side analysts predict that Umpqua Holdings Corp will post 1.41 earnings per share for the current year.

UMPQ has been the topic of a number of recent research reports. BidaskClub raised Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Sandler O’Neill reaffirmed a “buy” rating and set a $25.00 price objective on shares of Umpqua in a research note on Friday, July 20th. ValuEngine cut Umpqua from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Hovde Group set a $24.00 target price on shares of Umpqua and gave the stock a “hold” rating in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Umpqua presently has an average rating of “Hold” and a consensus price target of $24.25.

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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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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