Capital Fund Management S.A. acquired a new stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,000 shares of the bank’s stock, valued at approximately $474,000.
A number of other large investors have also bought and sold shares of UMPQ. Smithfield Trust Co. bought a new stake in Umpqua during the second quarter valued at $128,000. Itau Unibanco Holding S.A. bought a new stake in Umpqua during the second quarter valued at $143,000. ARP Americas LP bought a new stake in Umpqua during the second quarter valued at $203,000. Stifel Financial Corp bought a new stake in Umpqua during the first quarter valued at $216,000. Finally, First Allied Advisory Services Inc. bought a new stake in Umpqua during the second quarter valued at $222,000. 88.96% of the stock is owned by institutional investors.
Several research firms recently issued reports on UMPQ. ValuEngine lowered Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub lowered Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Hovde Group set a $24.00 price objective on Umpqua and gave the company a “hold” rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. dropped their price objective on Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies set a $20.00 price target on Umpqua and gave the company a “sell” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.25.
NASDAQ UMPQ opened at $21.69 on Tuesday. Umpqua Holdings Corp has a twelve month low of $18.26 and a twelve month high of $24.89. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.69 and a beta of 0.95.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Umpqua had a net margin of 22.53% and a return on equity of 7.11%. The firm had revenue of $298.95 million for the quarter, compared to analysts’ expectations of $304.67 million. During the same quarter in the previous year, the business earned $0.26 EPS. analysts predict that Umpqua Holdings Corp will post 1.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.21 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 3.87%. This is an increase from Umpqua’s previous quarterly dividend of $0.20. Umpqua’s payout ratio is currently 74.77%.
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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