SG Americas Securities LLC increased its position in Umpqua Holdings Co. (NASDAQ:UMPQ) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,647 shares of the bank’s stock after purchasing an additional 5,133 shares during the period. SG Americas Securities LLC’s holdings in Umpqua were worth $956,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC grew its stake in Umpqua by 654.2% in the fourth 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 period. Calton & Associates Inc. purchased a new stake in Umpqua in the fourth quarter worth $195,000. First Republic Investment Management Inc. purchased a new stake in Umpqua in the fourth quarter worth $210,000. Fox Run Management L.L.C. purchased a new stake in Umpqua in the fourth quarter worth $256,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Umpqua by 43.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,468 shares of the bank’s stock worth $259,000 after purchasing an additional 3,792 shares during the period. 90.88% of the stock is currently owned by institutional investors.
Umpqua opened at $23.79 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. Umpqua Holdings Co. has a 12 month low of $16.76 and a 12 month high of $24.73. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.86 and a beta of 1.04.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, April 18th. The bank reported $0.35 EPS for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $289.28 million. During the same period in the previous year, the company posted $0.21 earnings per share. research analysts predict that Umpqua Holdings Co. will post 1.44 EPS for the current year.
UMPQ has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $27.00 price target on shares of Umpqua in a research note on Thursday, April 19th. BidaskClub cut Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Hovde Group reaffirmed a “hold” rating and issued a $22.50 price target on shares of Umpqua in a research note on Tuesday, February 6th. Finally, Barclays upped their price target on Umpqua from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.88.
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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