Umpqua Holdings Corp (NASDAQ:UMPQ) Short Interest Update

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Umpqua Holdings Corp (NASDAQ:UMPQ) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 3,790,000 shares, a decrease of 11.0% from the June 15th total of 4,260,000 shares. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the company’s shares are short sold.

A number of hedge funds have recently made changes to their positions in UMPQ. CENTRAL TRUST Co boosted its position in shares of Umpqua by 100.0% during the 1st quarter. CENTRAL TRUST Co now owns 3,000 shares of the bank’s stock worth $33,000 after purchasing an additional 1,500 shares in the last quarter. Sowell Financial Services LLC boosted its position in shares of Umpqua by 771.3% in the 1st quarter. Sowell Financial Services LLC now owns 5,045 shares of the bank’s stock worth $55,000 after buying an additional 4,466 shares in the last quarter. Huntington National Bank increased its holdings in Umpqua by 32.7% during the 1st quarter. Huntington National Bank now owns 6,772 shares of the bank’s stock valued at $74,000 after acquiring an additional 1,668 shares in the last quarter. Aigen Investment Management LP grew its position in shares of Umpqua by 499,050.0% in the first quarter. Aigen Investment Management LP now owns 9,983 shares of the bank’s stock valued at $109,000 after purchasing an additional 9,981 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Umpqua during the first quarter valued at $113,000. 84.92% of the stock is currently owned by hedge funds and other institutional investors.

UMPQ stock opened at $9.87 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of 8.66 and a beta of 1.24. The company has a fifty day moving average of $11.26 and a 200-day moving average of $13.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.01. Umpqua has a one year low of $8.88 and a one year high of $18.94.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.42). The firm had revenue of $259.18 million during the quarter, compared to analyst estimates of $290.59 million. Umpqua had a net margin of 17.34% and a return on equity of 6.57%. Umpqua’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. Equities analysts forecast that Umpqua will post 0.62 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. BidaskClub lowered shares of Umpqua from a “sell” rating to a “strong sell” rating in a report on Thursday, June 25th. SunTrust Banks reiterated a “buy” rating and issued a $13.00 price objective on shares of Umpqua in a report on Sunday, June 14th. Stephens restated an “overweight” rating and issued a $15.00 price objective on shares of Umpqua in a report on Sunday, June 14th. Piper Sandler began coverage on shares of Umpqua in a research note on Friday, June 19th. They issued a “hold” rating and a $12.00 price target for the company. Finally, DA Davidson reduced their price objective on Umpqua from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Umpqua has an average rating of “Hold” and an average price target of $15.14.

About Umpqua

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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