Macquarie Group Ltd. raised its holdings in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,445,291 shares of the bank’s stock after buying an additional 593,986 shares during the quarter. Macquarie Group Ltd. owned about 2.47% of Umpqua Holdings Corporation worth $99,976,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of UMPQ. Ffcm LLC grew its position in Umpqua Holdings Corporation by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after buying an additional 3,657 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Umpqua Holdings Corporation by 30.6% in the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after purchasing an additional 1,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Umpqua Holdings Corporation by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Umpqua Holdings Corporation in the 2nd quarter worth about $203,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Umpqua Holdings Corporation in the 2nd quarter worth about $206,000. Institutional investors and hedge funds own 87.77% of the company’s stock.
UMPQ has been the subject of a number of research reports. BidaskClub cut Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Wedbush initiated coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price objective for the company. Stephens reiterated a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Monday, July 10th. Finally, ValuEngine upgraded Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.64.
Umpqua Holdings Corporation (NASDAQ UMPQ) traded up 1.02% during trading on Thursday, hitting $19.74. The stock had a trading volume of 143,868 shares. The firm has a market cap of $4.35 billion, a P/E ratio of 18.62 and a beta of 1.14. The company has a 50-day moving average of $18.14 and a 200 day moving average of $17.98. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.85.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 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 analysts’ expectations 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 quarter in the prior year, the business posted $0.25 EPS. On average, equities research analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.72 annualized dividend and a yield of 3.68%. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is currently 67.93%.
Umpqua Holdings Corporation 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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