Umpqua Holdings Corporation (NASDAQ:UMPQ) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,767,385 shares of the bank’s stock after buying an additional 903,885 shares during the period. Vanguard Group Inc. owned about 8.52% of Umpqua Holdings Corporation worth $332,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC raised its position in Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock valued at $118,000 after buying an additional 1,424 shares during the last quarter. Acrospire Investment Management LLC raised its position in Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock valued at $139,000 after buying an additional 1,500 shares during the last quarter. Elkfork Partners LLC raised its position in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock valued at $162,000 after buying an additional 1,958 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Umpqua Holdings Corporation by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock valued at $179,000 after buying an additional 280 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in shares of Umpqua Holdings Corporation during the fourth quarter valued at about $191,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) traded down 1.28% on Friday, hitting $18.45. The stock had a trading volume of 1,186,620 shares. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 17.41 and a beta of 1.11. Umpqua Holdings Corporation has a 12-month low of $14.78 and a 12-month high of $19.50. The stock has a 50 day moving average price of $18.55 and a 200-day moving average price of $18.11.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter last year, the firm earned $0.25 EPS. On average, equities analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.47%. The ex-dividend date was Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is 60.38%.

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UMPQ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods set a $20.00 target price on Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Thursday, June 8th. BidaskClub raised Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday. Finally, Wedbush assumed coverage on Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and an average price target of $19.86.

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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