Royal Bank of Canada reduced its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 24.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 429,825 shares of the bank’s stock after selling 136,173 shares during the period. Royal Bank of Canada owned 0.20% of Umpqua Holdings Corporation worth $7,891,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Umpqua Holdings Corporation by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock worth $1,486,000 after purchasing an additional 3,397 shares during the last quarter. Brookstone Capital Management bought a new position in Umpqua Holdings Corporation during the 2nd quarter worth $285,000. Paragon Capital Management Ltd bought a new position in Umpqua Holdings Corporation during the 2nd quarter worth $255,000. SG Americas Securities LLC raised its position in Umpqua Holdings Corporation by 59.1% during the 2nd quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock worth $1,493,000 after purchasing an additional 30,198 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Umpqua Holdings Corporation by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock worth $4,614,000 after purchasing an additional 31,336 shares during the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.
Umpqua Holdings Corporation (UMPQ) traded up 1.25% on Friday, hitting $20.98. The stock had a trading volume of 1,621,512 shares. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $20.98. The stock’s 50-day moving average is $19.24 and its 200-day moving average is $18.26. The company has a market cap of $4.62 billion, a P/E ratio of 19.79 and a beta of 1.14.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million during the quarter, compared to analyst estimates of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter last year, the company earned $0.28 earnings per share. Analysts expect that Umpqua Holdings Corporation will post $1.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio is 67.93%.
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Several research analysts recently issued reports on the company. SunTrust Banks, Inc. assumed coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They set a “buy” rating and a $20.00 target price for the company. BidaskClub lowered Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Stephens reaffirmed a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Finally, Zacks Investment Research lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus 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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