Umpqua Holdings Corporation’s recently made public that its Umpqua Bank President Nixon Torran B unloaded Company’s shares for reported $99850.0 on Nov 02. In the deal valued at $19.97 per share,5,000 shares were sold. As a result of this transaction, Nixon Torran B now holds 206,033 shares worth roughly $ 4.16 million.
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Then, Nixon Torran B sold 5,000 shares, generating $87,900 in total proceeds. Upon selling the shares at $17.58, the Umpqua Bank President now owns 211,033 shares.
Before that, MACHUCA LUIS bought 7,600 shares. Umpqua Holdings Corporation shares valued at $131,376 were divested by the Director at a price of $17.29 per share. As a result of the transaction, MACHUCA LUIS now holds 70,718 shares, worth roughly $1.43 million.
PT values the company’s stock at a premium of 13.25 to its Monday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Truist also remained covering UMPQ and has decreased its forecast on October 13, 2021 with a “Hold” recommendation from previously “Buy” rating. Stephens revised its rating on October 13, 2021. It rated UMPQ as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of UMPQ
On Monday, Umpqua Holdings Corporation [NASDAQ:UMPQ] saw its stock fall -0.35% to $20.17. On the same session, the stock had its day’s lowest price of $20.02, but rose to a high of $20.46. Over the last five days, the stock has gained 1.46%. Umpqua Holdings Corporation shares have risen nearly 4.83% since the year began. Nevertheless, the stocks have fallen -7.98% over the past one year. While a 52-week high of $22.06 was reached on 02/16/22, a 52-week low of $15.77 was recorded on 06/16/22. SMA at 50 days reached $18.09, while 200 days put it at $18.38. A total of 1.39 million shares were traded, compared to the trading of 1.71 million shares in the previous session.
Levels Of Support And Resistance For UMPQ Stock
The 24-hour chart illustrates a support level at 19.97, which if violated will result in even more drops to 19.78. On the upside, there is a resistance level at 20.41. A further resistance level may holdings at 20.66. The Relative Strength Index (RSI) on the 14-day chart is 69.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.54%. Stochastics %K at 90.36% indicates the stock is a selling.
How much short interest is there in Umpqua Holdings Corporation?
A steep rise in short interest was recorded in Umpqua Holdings Corporation stocks on Jul 14, 2022, growing by 0.17 million shares to a total of 7.17 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.0 million shares. There was a rise of 2.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.33% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.72.
Umpqua Holdings Corporation [UMPQ] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,832,945 shares, or roughly 9.60% of the outstanding UMPQ shares. In other words, the investor’s shares have risen by 300,898 from its previous 13-F filing of 20532047.0. Additionally, BlackRock Fund Advisors increased 1.41% of its stake after which the total value it holdings stand at $296,708,924, while Macquarie Investment Management B added 0.27% of its stake to hold $235.88 million in the firm. Over the last quarter, Massachusetts Financial Services purchased 1,340,649 shares of Umpqua Holdings Corporation, while SSgA Funds Management, Inc. bought -732,713 shares. At present, Atlanta Capital Management Co. LL is holding 9,126,691 shares valued at $155.98 million. Dimensional Fund Advisors LP owned 6,371,960 shares of the company at the time of its most recent 13F filing, worth $108.9 million.
According to FactSet, Umpqua Holdings Corporation’s share price will average $20.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.28 percent from its previous closing price of $20.24. Analysts expect Umpqua Holdings Corporation stock to reach the higher price of $22.04, while the lowest price estimate is $19.00. However, 6 analysts have rated UMPQ stock as a Hold in their predictions for 2022.