Denver Investment Advisors LLC lessened its holdings in shares of Umpqua Holdings Co. (NASDAQ:UMPQ) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,005,340 shares of the bank’s stock after selling 57,975 shares during the quarter. Umpqua makes up about 1.1% of Denver Investment Advisors LLC’s portfolio, making the stock its 10th biggest holding. Denver Investment Advisors LLC owned approximately 0.46% of Umpqua worth $21,524,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC boosted its stake in Umpqua by 654.2% during the 4th quarter. Advisory Services Network LLC now owns 8,643 shares of the bank’s stock worth $180,000 after purchasing an additional 7,497 shares during the last quarter. Calton & Associates Inc. acquired a new stake in Umpqua during the 4th quarter worth $195,000. First Republic Investment Management Inc. acquired a new stake in Umpqua during the 4th quarter worth $210,000. GW&K Investment Management LLC acquired a new stake in Umpqua during the 1st quarter worth $239,000. Finally, Fox Run Management L.L.C. acquired a new stake in Umpqua during the 4th quarter worth $256,000. 90.88% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on UMPQ. BidaskClub cut shares of Umpqua from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Wedbush cut shares of Umpqua from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research note on Wednesday, May 2nd. DA Davidson lifted their price target on Umpqua from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, April 24th. Barclays lifted their price target on Umpqua from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, April 23rd. Finally, Hovde Group set a $25.00 price target on Umpqua and gave the stock a “hold” rating in a report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.88.
NASDAQ UMPQ opened at $23.99 on Thursday. Umpqua Holdings Co. has a 52 week low of $16.76 and a 52 week high of $24.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $5.27 billion, a PE ratio of 22.42, a P/E/G ratio of 1.85 and a beta of 1.04.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. Umpqua had a return on equity of 6.68% and a net margin of 22.15%. The business had revenue of $301.80 million for the quarter, compared to analyst estimates of $289.28 million. During the same quarter in the previous year, the firm earned $0.21 EPS. sell-side analysts expect that Umpqua Holdings Co. will post 1.44 earnings per share for the current fiscal year.
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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