Janus Capital Management LLC lowered its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 7.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 25,300 shares of the bank’s stock after selling 2,028 shares during the period. Janus Capital Management LLC’s holdings in Umpqua Holdings Corporation were worth $449,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in UMPQ. Tyers Asset Management LLC boosted its stake in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock worth $118,000 after buying an additional 1,424 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock worth $139,000 after buying an additional 1,500 shares during the period. Elkfork Partners LLC boosted its stake 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 worth $162,000 after buying an additional 1,958 shares during the period. Venturi Wealth Management LLC boosted its stake 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 worth $179,000 after buying an additional 280 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Meadow Creek Investment Management LLC now owns 11,648 shares of the bank’s stock worth $207,000 after buying an additional 2,492 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 18.81 on Monday. The stock’s 50 day moving average price is $18.29 and its 200 day moving average price is $18.10. The firm has a market cap of $4.14 billion, a PE ratio of 17.75 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.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. The firm had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $285.71 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts predict that Umpqua Holdings Corporation will post $1.06 EPS for the current fiscal year.
The company also recently disclosed 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 3.40%. The ex-dividend date of this dividend was Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is 60.38%.
A number of equities research analysts have commented on the company. Stephens reiterated a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Thursday. BidaskClub cut Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $20.00 target price on Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Monday, July 10th. Zacks Investment Research upgraded Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Wedbush assumed coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Umpqua Holdings Corporation has an average rating of “Hold” and a consensus target price of $19.86.
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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