Strs Ohio Has $5.47 Million Holdings in Umpqua Holdings Corporation (UMPQ)

Strs Ohio trimmed its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,500 shares of the bank’s stock after selling 15,000 shares during the quarter. Strs Ohio owned about 0.13% of Umpqua Holdings Corporation worth $5,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Umpqua Holdings Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock worth $348,335,000 after purchasing an additional 205,163 shares in the last quarter. Capital World Investors lifted its holdings in shares of Umpqua Holdings Corporation by 6.6% in the 2nd quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after purchasing an additional 944,594 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of Umpqua Holdings Corporation by 12.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock valued at $197,288,000 after purchasing an additional 1,219,722 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Umpqua Holdings Corporation by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock valued at $112,464,000 after purchasing an additional 207,304 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Umpqua Holdings Corporation by 12.2% during the 2nd quarter. Macquarie Group Ltd. now owns 5,445,291 shares of the bank’s stock valued at $99,976,000 after acquiring an additional 593,986 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

In other Umpqua Holdings Corporation news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

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Several research analysts recently weighed in on UMPQ shares. SunTrust Banks, Inc. initiated coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They issued a “buy” rating and a $20.00 target price on the stock. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Stephens restated a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods upgraded shares of Umpqua Holdings Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $20.06.

Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up $0.16 on Tuesday, hitting $20.24. The company had a trading volume of 1,323,900 shares, compared to its average volume of 1,513,561. The firm has a market cap of $4,450.00, a PE ratio of 19.31, a P/E/G ratio of 2.27 and a beta of 1.12. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua Holdings Corporation has a 1-year low of $16.65 and a 1-year high of $20.98.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. The company had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. During the same quarter last year, the company posted $0.28 EPS. equities analysts expect that Umpqua Holdings Corporation will post 1.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 3.56%. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is 67.92%.

About Umpqua Holdings Corporation

Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.

Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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