Swiss National Bank raised its stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,625 shares of the bank’s stock after buying an additional 4,700 shares during the period. Swiss National Bank owned approximately 0.17% of Umpqua Holdings Corporation worth $6,750,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Eagle Boston Investment Management Inc. increased its holdings in Umpqua Holdings Corporation by 0.5% in the second quarter. Eagle Boston Investment Management Inc. now owns 494,456 shares of the bank’s stock valued at $9,078,000 after buying an additional 2,687 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. Brookstone Capital Management purchased a new position in Umpqua Holdings Corporation in the second quarter valued at about $285,000. Pacer Advisors Inc. increased its holdings in Umpqua Holdings Corporation by 12.0% in the second quarter. Pacer Advisors Inc. now owns 26,495 shares of the bank’s stock valued at $486,000 after buying an additional 2,832 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Umpqua Holdings Corporation by 45.7% in the second quarter. Prudential Financial Inc. now owns 1,996,649 shares of the bank’s stock valued at $36,658,000 after buying an additional 626,690 shares in the last quarter. 87.78% of the stock is owned by institutional investors.
Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 18.17 on Friday. Umpqua Holdings Corporation has a one year low of $14.78 and a one year high of $19.50. The stock has a market capitalization of $4.00 billion, a PE ratio of 17.14 and a beta of 1.12. The firm has a 50-day moving average of $17.73 and a 200-day moving average of $17.90.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued 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). The company had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same period in the prior year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.18 dividend. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio is currently 60.38%.
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A number of research analysts have issued reports on the stock. SunTrust Banks, Inc. assumed coverage on shares of Umpqua Holdings Corporation in a report on Friday, August 18th. They issued a “buy” rating and a $20.00 target price for the company. BidaskClub cut shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Stephens reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 target price on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Umpqua Holdings Corporation presently has a consensus rating of “Hold” and a consensus price target of $20.17.
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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