Umpqua Holdings Corporation (UMPQ) : Traders are bullish on Umpqua Holdings Corporation (UMPQ) as it has outperformed the S&P 500 by a wide margin of 0.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.62% in the last 1 week, and is up 5.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.01% and the 50-Day Moving Average is 4.6%.
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 $16.15 and $15.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.03, notching a gain of 0.06% for the day. The total traded volume was 2,726,477 . The stock had closed at $16.02 on the previous day.
The company Insiders own 1% of Umpqua Holdings Corporation shares according to the proxy statements. Institutional Investors own 90.98% of Umpqua Holdings Corporation shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President & CEO) of Umpqua Holdings Corp, Davis Raymond P had sold 14,700 shares worth of $252,840 in a transaction dated October 29, 2015. In this transaction, 14,700 shares were sold at $17.2 per share.
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.