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NEW YORK ( TheStreet) -- Umpqua Holdings Corporation (Nasdaq: UMPQ) hit a new 52-week high Monday as it is currently trading at $12.90, above its previous 52-week high of $12.89 with 211,305 shares traded as of 10:55 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Umpqua has a market cap of $1.45 billion and is part of the financial sector and banking industry. Shares are up 2.3% year to date as of the close of trading on Friday. Umpqua Holdings Corporation operates as the bank holding company for Umpqua Bank that provides commercial and retail banking services to corporate, institutional, and individual customers primarily in the areas of Oregon, northern California, and Washington. The company has a P/E ratio of 23.5, below the average banking industry P/E ratio of 24.4 and above the S&P 500 P/E ratio of 17.7.