UBS Asset Management Americas Inc. increased its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 24.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,885 shares of the bank’s stock after buying an additional 30,569 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of Umpqua Holdings Corporation worth $2,765,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Foundry Partners LLC raised its stake in shares of Umpqua Holdings Corporation by 3.4% in the first quarter. Foundry Partners LLC now owns 535,537 shares of the bank’s stock worth $9,500,000 after buying an additional 17,678 shares during the last quarter. Macquarie Group Ltd. raised its stake in Umpqua Holdings Corporation by 36.7% in the fourth quarter. Macquarie Group Ltd. now owns 4,481,791 shares of the bank’s stock valued at $84,168,000 after buying an additional 1,203,172 shares during the last quarter. Teachers Advisors LLC raised its stake in Umpqua Holdings Corporation by 25.8% in the fourth quarter. Teachers Advisors LLC now owns 1,293,521 shares of the bank’s stock valued at $24,292,000 after buying an additional 265,136 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Umpqua Holdings Corporation during the fourth quarter valued at approximately $242,000. Finally, Norges Bank acquired a new stake in Umpqua Holdings Corporation during the fourth quarter valued at approximately $42,917,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Umpqua Holdings Corporation (UMPQ) traded down 1.28% on Friday, reaching $18.45. 1,186,620 shares of the company’s stock traded hands. The company has a market cap of $4.06 billion, a PE ratio of 17.41 and a beta of 1.11. Umpqua Holdings Corporation has a 12-month low of $14.77 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 released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The firm had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Equities research analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Wednesday, June 28th. Umpqua Holdings Corporation’s dividend payout ratio is currently 60.38%.
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Several research firms recently commented on UMPQ. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Tuesday, May 9th. Zacks Investment Research raised shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. BidaskClub lowered shares of Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Stephens reissued a “hold” rating on shares of Umpqua Holdings Corporation in a research note on Wednesday, April 19th. Finally, Wedbush began coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus target price 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.
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