D.A. Davidson & CO. lifted its holdings in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 636,830 shares of the bank’s stock after purchasing an additional 9,929 shares during the period. D.A. Davidson & CO. owned 0.29% of Umpqua worth $13,246,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. increased its stake in shares of Umpqua by 0.7% in the third quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock worth $106,980,000 after purchasing an additional 38,047 shares during the period. First Trust Advisors LP increased its stake in shares of Umpqua by 69.1% in the fourth quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock worth $54,205,000 after purchasing an additional 1,064,635 shares during the period. JPMorgan Chase & Co. increased its stake in Umpqua by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 1,923,159 shares of the bank’s stock valued at $37,752,000 after acquiring an additional 74,244 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Umpqua by 5.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock valued at $36,260,000 after acquiring an additional 85,687 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in Umpqua by 1.3% during the third quarter. Deprince Race & Zollo Inc. now owns 1,591,936 shares of the bank’s stock valued at $31,059,000 after acquiring an additional 20,905 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.
Umpqua Holdings Corporation (NASDAQ UMPQ) opened at $21.92 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market capitalization of $4,700.18, a PE ratio of 19.77, a P/E/G ratio of 1.84 and a beta of 1.10. Umpqua Holdings Corporation has a 12 month low of $16.65 and a 12 month high of $22.89.
The business also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, December 28th. Umpqua’s payout ratio is 63.72%.
Several equities analysts recently issued reports on UMPQ shares. Wells Fargo & Co boosted their price target on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Barclays boosted their price target on Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. SunTrust Banks restated a “buy” rating and set a $23.00 price target on shares of Umpqua in a research note on Monday, November 6th. Keefe, Bruyette & Woods upgraded Umpqua from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered Umpqua from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Umpqua currently has an average rating of “Hold” and a consensus price target of $21.80.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of Umpqua stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the sale, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at $4,049,953.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.
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Umpqua Company Profile
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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