Umpqua Holdings Corporation (NASDAQ:UMPQ) has tumbled 1.42% during the past week and has dropped 0.59% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.24%. Umpqua Holdings Corporation (NASDAQ:UMPQ) has underperformed the index by 1.49% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Umpqua Holdings Corporation (NASDAQ:UMPQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.21 and $15.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.26, notching a gain of 0.53% for the day. The total traded volume was 4,878,474 . The stock had closed at $15.18 on the previous day.
The company shares have dropped -17.47% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $18.89 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $15.45 and the 200 Day Moving Average price is recorded at $15.53.
On the companys insider trading activities,The director officer (President & CEO) of Umpqua Holdings Corp, Davis Raymond P sold 14,700 shares at $17.2 on October 29, 2015. The Insider selling transaction had a total value worth of $252,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Keefe Bruyette & Woods downgrades its rating on Umpqua Holdings Corporation (NASDAQ:UMPQ). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods lowers the price target from $19 per share to $18 per share. The rating by the firm was issued on April 22, 2016. Currently the company Insiders own 1% of Umpqua Holdings Corporation shares according to the proxy statements. Institutional Investors own 90.89% of Umpqua Holdings Corporation shares.
Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments, Inc. (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas. Its Community Banking segment operates over 380 locations in Oregon and Washington, among others. Its Home Lending segment operates as a division of the Bank, and originates, sells and services residential mortgage loans. The Bank is engaged in the business of commercial and retail banking, and the delivery of retail brokerage services. The Bank provides a range of banking, wealth management, mortgage banking and other financial services to corporate, institutional and individual customers. Umpqua Investments is a broker-dealer and investment advisor. Pivotus Ventures, Inc. is the subsidiary of the Company.