US Bancorp DE lowered its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,599 shares of the bank’s stock after selling 11,206 shares during the period. US Bancorp DE’s holdings in Umpqua Holdings Corporation were worth $1,571,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in UMPQ. Tyers Asset Management LLC raised its position 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 valued at $118,000 after buying an additional 1,424 shares during the period. 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 worth $139,000 after buying an additional 1,500 shares during the last quarter. Elkfork Partners LLC raised its position in 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 last quarter. Venturi Wealth Management LLC raised its position in 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 last quarter. Finally, Meadow Creek Investment Management LLC raised its position in 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 last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.
Umpqua Holdings Corporation (NASDAQ UMPQ) traded up 0.54% during trading on Friday, hitting $18.60. The stock had a trading volume of 939,302 shares. The company has a 50-day moving average price of $18.54 and a 200-day moving average price of $18.09. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 17.55 and a beta of 1.11. Umpqua Holdings Corporation has a 52-week low of $14.77 and a 52-week high of $19.50.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) 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 business had revenue of $283.20 million for the quarter, compared to the consensus estimate of $285.71 million. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that Umpqua Holdings Corporation will post $1.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is 60.38%.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 7th. BidaskClub raised Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Stephens reaffirmed a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Monday, July 10th. Finally, Wedbush assumed coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock 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.
Want to see what other hedge funds are holding UMPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Umpqua Holdings Corporation (NASDAQ:UMPQ).
Receive News & Ratings for Umpqua Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
