Cubist Systematic Strategies LLC bought a new stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) during the third quarter, according to its most recent filing with the SEC. The firm bought 27,672 shares of the bank’s stock, valued at approximately $540,000.
Other large investors have also recently bought and sold shares of the company. Amalgamated Bank grew its position in Umpqua by 1.3% in the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock worth $577,000 after purchasing an additional 390 shares during the last quarter. Advisor Group Inc. grew its position in Umpqua by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock worth $387,000 after purchasing an additional 523 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Umpqua by 8.8% in the 2nd 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. QS Investors LLC grew its position in Umpqua by 1.7% in the 2nd quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock worth $862,000 after purchasing an additional 781 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Umpqua by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock worth $2,295,000 after purchasing an additional 820 shares during the last quarter. Institutional investors and hedge funds own 88.15% of the company’s stock.
Several analysts have recently weighed in on UMPQ shares. Wedbush upgraded shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Thursday, January 4th. Wells Fargo & Co lifted their target price on shares of Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Umpqua in a research report on Monday, October 16th. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, SunTrust Banks reiterated a “buy” rating and set a $23.00 target price on shares of Umpqua in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.94.
Umpqua Holdings Corporation (NASDAQ UMPQ) opened at $22.13 on Friday. Umpqua Holdings Corporation has a 1-year low of $16.65 and a 1-year high of $22.86. The stock has a market cap of $4,870.00, a PE ratio of 20.88, a P/E/G ratio of 2.00 and a beta of 1.14. 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 (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ 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 company 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 firm posted $0.28 earnings per share. equities analysts predict that Umpqua Holdings Corporation will post 1.03 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is 67.92%.
In related news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.
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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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