Shares are trading at $18.68 which is marginally over $17.74, the 50 day moving average and marginally over the 200 day moving average of $17.88. The 50 day moving average went up by +5.28% and the 200 day average was up $0.80. Umpqua Holdings Corporation shares had a trading volume of 1,093K in the last trading session. Trading volume was down 6.46% under the stocks average daily volume.
Traders are more bearish on shares of the company of late if you put credence in the rise in short interest. The company had a rise in short interest of 33.33% as of the latest report on August 31, 2017. Short shares grew from 3,127,813 to 4,170,187 over that timeframe. Days to cover increased from 3.0 to 5.0 and the short interest percentage is 0.02% as of August 31.
These firms have modified their investment in UMPQ. Perkins Investment Management, LLC trimmed its holdings by selling 883,726 shares a decrease of 18.4% as of 03/31/2017. Perkins Investment Management, LLC now holds 3,917,047 shares worth $69,488,000. The value of the position overall is down by 22.9%. William Blair Investment Management, LLC downsized its investment by shedding 7,278 shares a decrease of 0.6%. William Blair Investment Management, LLC claims 1,170,438 shares valued at $21,489,000. The total value of its holdings increased 2.9%.
Chartwell Investment Partners, LLC reduced its ownership by selling 29,300 shares a decrease of 4.2% from 03/31/2017 to 06/30/2017. Chartwell Investment Partners, LLC controls 661,450 shares with a value of $12,144,000. The value of the position overall is down by 0.9%. As of quarter end Aristotle Capital Boston, LLC had bought a total of 80,406 shares growing its stake by 21.6%. The value of the investment in (UMPQ) went from $6,616,000 to $8,323,000 increasing 25.8% since the last quarter.
Equity analyst SunTrust Robinson Humphrey initiated coverage giving it an initial rating of “Buy”. Wedbush began coverage setting a rating of “Market Perform”.
The company is so far trading unchanged since yesterday’s close of 18.68. The company announced a dividend which will be paid on Monday the 16th of October 2017. The dividend payment will be $0.180 per share for the quarter which comes to $0.72 on an annualized basis. This dividend amount will represent a yield of $3.96. The ex-dividend date has been established as Wednesday the 28th of June 2017.
Umpqua Holdings Corporation’s P/E ratio is 17.62 and market capitalization is 4.11B. As of the last earnings report the EPS was $1.06 and is projected to be $1.05 for the current year with 220,210,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.29 and the next full year EPS is projected to be $1.24.
Umpqua Holdings Corporation, launched on November 9, 1998, is a bank holding company. The Business’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. As of December 31, 2016, the Community Banking segment operated 346 locations throughout Oregon, California, Washington, Idaho and Nevada. The Home Lending segment originates, sells and services residential mortgage loans..