Palouse Capital Management Lowers stake in Umpqua Holdings Corp (UMPQ)

Umpqua Holdings Corp (UMPQ) : Palouse Capital Management reduced its stake in Umpqua Holdings Corp by 1.76% during the most recent quarter end. The investment management company now holds a total of 275,399 shares of Umpqua Holdings Corp which is valued at $4,230,129 after selling 4,934 shares in Umpqua Holdings Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Umpqua Holdings Corp makes up approximately 1.64% of Palouse Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc sold out all of its stake in UMPQ during the most recent quarter. The investment firm sold 447,615 shares of UMPQ which is valued $6,875,366. Lasalle Street Capital Management added UMPQ to its portfolio by purchasing 13,236 company shares during the most recent quarter which is valued at $209,923. Umpqua Holdings Corp makes up approx 0.19% of Lasalle Street Capital Management’s portfolio. Lasalle Street Capital Management added UMPQ to its portfolio by purchasing 13,236 company shares during the most recent quarter which is valued at $209,923. Umpqua Holdings Corp makes up approx 0.19% of Lasalle Street Capital Management’s portfolio.

Umpqua Holdings Corp closed down -0.09 points or -0.59% at $15.23 with 21,26,384 shares getting traded on Friday. Post opening the session at $15.27, the shares hit an intraday low of $15.22 and an intraday high of $15.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Umpqua Holdings Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.29.Analysts expectations of $ 289.54.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Umpqua Holdings Corp. Umpqua Holdings Corp was Downgraded by Wells Fargo to ” Market Perform” on Jul 11, 2016. Umpqua Holdings Corp was Downgraded by Raymond James to ” Outperform” on Jul 7, 2016.

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.

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