AHL Partners LLP reduced its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 56.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,366 shares of the bank’s stock after selling 50,082 shares during the period. AHL Partners LLP’s holdings in Umpqua Holdings Corporation were worth $704,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Ffcm LLC increased 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 purchasing an additional 3,657 shares during the last quarter. Huntington National Bank increased its position in Umpqua Holdings Corporation by 30.6% during the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after purchasing an additional 1,685 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Umpqua Holdings Corporation by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Umpqua Holdings Corporation during the second quarter worth about $203,000. Finally, Raymond James Trust N.A. acquired a new stake in Umpqua Holdings Corporation during the second quarter worth about $206,000. Hedge funds and other institutional investors own 87.91% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up 1.25% during midday trading on Friday, hitting $20.98. 1,621,512 shares of the company’s stock were exchanged. Umpqua Holdings Corporation has a one year low of $14.78 and a one year high of $20.98. The stock’s 50-day moving average price is $19.24 and its 200 day moving average price is $18.26. The firm has a market cap of $4.62 billion, a PE ratio of 19.79 and a beta of 1.14.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. The company had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. During the same period in the prior year, the company earned $0.28 EPS. Equities research analysts forecast that Umpqua Holdings Corporation will post $1.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio is currently 67.93%.
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Several equities research analysts recently issued reports on UMPQ shares. BidaskClub upgraded shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods set a $20.00 price objective on shares of Umpqua Holdings Corporation and gave the stock a “hold” rating in a research report on Monday, July 10th. Stephens restated a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Umpqua Holdings Corporation in a research report on Friday, August 18th. They set a “buy” rating and a $20.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.72.
Umpqua Holdings Corporation 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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