American Century Companies Inc. trimmed its position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 443,657 shares of the bank’s stock after selling 8,417 shares during the period. American Century Companies Inc.’s holdings in Umpqua were worth $9,228,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation acquired a new position in Umpqua during the 3rd quarter valued at about $121,000. HighTower Advisors LLC acquired a new position in Umpqua during the 2nd quarter valued at about $203,000. Merriman Wealth Management LLC acquired a new position in Umpqua during the 3rd quarter valued at about $220,000. Fox Run Management L.L.C. acquired a new position in Umpqua during the 4th quarter valued at about $256,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Umpqua by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,468 shares of the bank’s stock valued at $259,000 after purchasing an additional 3,792 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Umpqua Holdings Corp (NASDAQ:UMPQ) opened at $22.28 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29. Umpqua Holdings Corp has a fifty-two week low of $16.65 and a fifty-two week high of $22.89. The company has a market cap of $4,904.92, a P/E ratio of 19.72, a P/E/G ratio of 1.92 and a beta of 1.10.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total value of $124,302.75. Following the sale, the chief financial officer now directly owns 188,809 shares in the company, valued at approximately $4,049,953.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.
A number of research firms have commented on UMPQ. BidaskClub upgraded shares of Umpqua from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Friday, January 12th. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. dropped their price target on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Finally, SunTrust Banks restated a “buy” rating and set a $24.00 price target on shares of Umpqua in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.80.
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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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