American International Group Inc. Grows Stake in Umpqua Holdings Corporation (NASDAQ:UMPQ)

American International Group Inc. lifted its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 599,082 shares of the bank’s stock after acquiring an additional 15,701 shares during the quarter. American International Group Inc. owned approximately 0.27% of Umpqua worth $11,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Umpqua by 1.1% during the second quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock valued at $348,335,000 after buying an additional 205,163 shares during the last quarter. Capital World Investors lifted its holdings in Umpqua by 6.6% during the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock worth $280,418,000 after acquiring an additional 944,594 shares during the period. Atlanta Capital Management Co. L L C lifted its holdings in Umpqua by 12.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock worth $197,288,000 after acquiring an additional 1,219,722 shares during the period. Bank of New York Mellon Corp lifted its holdings in Umpqua by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock worth $112,464,000 after acquiring an additional 207,304 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Umpqua by 0.7% in the third quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock valued at $106,980,000 after buying an additional 38,047 shares during the period. 88.26% of the stock is owned by institutional investors and hedge funds.

Umpqua Holdings Corporation (UMPQ) opened at $21.59 on Wednesday. The company has a market capitalization of $4,871.52, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua Holdings Corporation has a 52-week low of $16.65 and a 52-week high of $22.86.

Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Umpqua had a return on equity of 5.79% and a net margin of 19.04%. The firm had revenue of $295.87 million during the quarter, compared to the consensus estimate of $297.51 million. During the same period in the prior year, the company posted $0.28 EPS. equities research analysts forecast that Umpqua Holdings Corporation will post 1.04 earnings per share for the current fiscal year.

Several analysts have issued reports on UMPQ shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 target price on shares of Umpqua in a research note on Monday, October 16th. Wells Fargo & Company boosted their price objective on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Piper Jaffray Companies reiterated a “sell” rating and set a $16.50 price objective on shares of Umpqua in a research note on Wednesday, October 4th. SunTrust Banks restated a “buy” rating and set a $23.00 target price on shares of Umpqua in a research report on Monday, November 6th. Finally, ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Umpqua currently has a consensus rating of “Hold” and a consensus target price of $20.17.

In related news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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Umpqua 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.

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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