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.
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.
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