Envestnet Asset Management Inc. increased its position in shares of Umpqua Holdings Co. (NASDAQ:UMPQ) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,769 shares of the bank’s stock after buying an additional 3,817 shares during the period. Envestnet Asset Management Inc.’s holdings in Umpqua were worth $494,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UMPQ. Macquarie Group Ltd. boosted its holdings in Umpqua by 7.3% in the 4th quarter. Macquarie Group Ltd. now owns 5,884,775 shares of the bank’s stock valued at $122,403,000 after purchasing an additional 401,437 shares during the period. Alliancebernstein L.P. boosted its holdings in Umpqua by 655.7% in the 4th quarter. Alliancebernstein L.P. now owns 4,282,897 shares of the bank’s stock valued at $89,084,000 after purchasing an additional 3,716,144 shares during the period. First Trust Advisors LP boosted its holdings in Umpqua by 69.1% in the 4th quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock valued at $54,205,000 after purchasing an additional 1,064,635 shares during the period. Glenmede Trust Co. NA boosted its holdings in Umpqua by 23.6% in the 4th quarter. Glenmede Trust Co. NA now owns 1,804,482 shares of the bank’s stock valued at $37,533,000 after purchasing an additional 344,158 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Umpqua by 5.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock valued at $36,260,000 after purchasing an additional 85,687 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Friday, April 6th. ValuEngine raised shares of Umpqua from a “buy” rating to a “strong-buy” rating in a report on Friday, April 6th. BidaskClub downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase reduced their price target on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.20.
Shares of UMPQ stock opened at $21.71 on Monday. Umpqua Holdings Co. has a 52-week low of $16.65 and a 52-week high of $23.18. The firm has a market capitalization of $4,869.50, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The company had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $293.80 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue was down 4.5% on a year-over-year basis. equities research analysts forecast that Umpqua Holdings Co. will post 1.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, April 2nd were paid a $0.20 dividend. This is a boost from Umpqua’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. Umpqua’s dividend payout ratio is currently 74.77%.
In other news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total value of $124,302.75. Following the completion of the transaction, the chief financial officer now owns 188,809 shares in the company, valued at approximately $4,049,953.05. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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Umpqua Company Profile
Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
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