Taking a look at what insiders are doing to gauge the Umpqua Holdings Corporation (UMPQ)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Umpqua Holdings Corporation shares valued at $87,900 were sold by Nixon Torran B on Jul 28. At $17.58 per share, Nixon Torran B sold 5,000 shares. The insider’s holdings dropped to 211,033 shares worth approximately $3.84 million following the completion of this transaction.


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Also, MACHUCA LUIS purchased 7,600 shares, netting a total of over 131,376 in proceeds. Following the buying of shares at $17.29 each, the insider now holds 70,718 shares.

Before that, Nixon Torran B had sold 5,000 shares from its account. In a trade valued at $88,350, the Umpqua Bank President traded Umpqua Holdings Corporation shares for $17.67 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.93 million.

Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of October 13, 2021, Truist has decreased its “Buy” rating to a “Hold” for UMPQ. Earlier on October 13, 2021, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for UMPQ stock which previously was a “an Overweight”.

Analyzing UMPQ’s Price Performance

On Wednesday, Umpqua Holdings Corporation [NASDAQ: UMPQ] rose 0.44% to $18.20. The stock’s lowest price that day was $18.19, but it reached a high of $18.70 in the same session. During the last five days, there has been a surge of approximately 3.35%. Over the course of the year, Umpqua Holdings Corporation shares have dropped approximately -5.41%. Shares of the company reached a 52-week high of $22.06 on 02/16/22 and a 52-week low of $15.77 on 06/16/22. A 50-day SMA is recorded $17.90, while a 200-day SMA reached $18.63. Nevertheless, trading volume fell to 1.89 million shares from 1.24 million shares the previous day.

Support And Resistance Levels for Umpqua Holdings Corporation (UMPQ)

According to the 24-hour chart, there is a support level at 18.03, which, if violated, would cause prices to drop to 17.85. In the upper region, resistance lies at 18.54. The next price resistance is at 18.87. RSI (Relative Strength Index) is 53.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 25.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Umpqua Holdings Corporation subject to short interest?

Stocks of Umpqua Holdings Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.17 million shares to 7.17 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.0 million shares. A jump of 2.37% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.72 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.72.

Which companies own the most shares of Umpqua Holdings Corporation (UMPQ)?

According to The Vanguard Group, Inc. filings, the company currently owns 20,832,945 shares, which is about 9.60% of the total UMPQ shares outstanding. The investor’s shares have appreciated by 300,898 from its previous 13-F filing of 20532047.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $307,993,932. Macquarie Investment Management B acquire a 0.27% interest valued at $244.85 million while Massachusetts Financial Services purchased a 1,340,649 stake. A total of -732,713 shares of Umpqua Holdings Corporation were bought by SSgA Funds Management, Inc. during the quarter, and -118,419 were sold by Atlanta Capital Management Co. LL. In its current portfolio, Dimensional Fund Advisors LP holds 6,371,960 shares valued at $113.04 million.

In spite of this, 6 analysts ranked Umpqua Holdings Corporation stock as a Hold at the end of 2022. On July 26, 2021, JP Morgan assigned a price target of “a Neutral” to the stock and upgraded coverage with a $22.50.

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