Cubist Systematic Strategies LLC Purchases Shares of 27,672 Umpqua Holdings Corporation (NASDAQ:UMPQ)

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 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.

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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