Segall Bryant & Hamill LLC increased its holdings in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,363,985 shares of the bank’s stock after purchasing an additional 85,760 shares during the quarter. Segall Bryant & Hamill LLC owned 0.62% of Umpqua worth $26,611,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Teacher Retirement System of Texas boosted its position in Umpqua by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 17,684 shares of the bank’s stock worth $325,000 after acquiring an additional 261 shares during the last quarter. World Asset Management Inc boosted its position in Umpqua by 2.1% during the 2nd quarter. World Asset Management Inc now owns 13,948 shares of the bank’s stock worth $256,000 after acquiring an additional 290 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Umpqua by 1.3% in the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after buying an additional 390 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Umpqua by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after buying an additional 523 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Umpqua by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares during the last quarter. 88.26% of the stock is owned by institutional investors and hedge funds.
Umpqua Holdings Corporation (UMPQ) opened at $21.33 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4,700.00, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. Umpqua Holdings Corporation has a 12-month low of $16.65 and a 12-month high of $22.86.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter in the previous year, the business earned $0.28 EPS. sell-side analysts forecast that Umpqua Holdings Corporation will post 1.04 earnings per share for the current fiscal year.
In related news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on UMPQ shares. BidaskClub downgraded Umpqua from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. SunTrust Banks started coverage on Umpqua in a report on Friday, August 18th. They issued a “buy” rating and a $20.00 price objective for the company. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Piper Jaffray Companies reissued a “sell” rating and issued a $16.50 price objective on shares of Umpqua in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price objective on shares of Umpqua in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.17.
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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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