Swiss National Bank increased its holdings in Umpqua Holdings Corp (NASDAQ:UMPQ) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 375,125 shares of the bank’s stock after buying an additional 7,500 shares during the quarter. Swiss National Bank’s holdings in Umpqua were worth $7,803,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UMPQ. Zions Bancorporation bought a new stake in Umpqua in the 3rd quarter worth about $121,000. Calton & Associates Inc. bought a new stake in Umpqua in the 4th quarter worth about $195,000. HighTower Advisors LLC bought a new stake in Umpqua in the 2nd quarter worth about $203,000. Fox Run Management L.L.C. bought a new stake in Umpqua in the 4th quarter worth about $256,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Umpqua by 43.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,468 shares of the bank’s stock worth $259,000 after buying an additional 3,792 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.
In other news, CFO Ron L. Farnsworth sold 5,795 shares of Umpqua stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the transaction, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by insiders.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $293.80 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts anticipate that Umpqua Holdings Corp will post 1.36 EPS for the current fiscal year.
Several research analysts have issued reports on UMPQ shares. Barclays raised their target price on Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods raised Umpqua from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and issued a $23.00 target price on shares of Umpqua in a research report on Monday, November 6th. Zacks Investment Research raised Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Friday, January 12th. Finally, ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.80.
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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