Aperio Group LLC decreased its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,165 shares of the bank’s stock after selling 7,605 shares during the period. Aperio Group LLC owned approximately 0.08% of Umpqua worth $3,747,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Smithfield Trust Co. acquired a new position in Umpqua during the 2nd quarter valued at about $128,000. Itau Unibanco Holding S.A. acquired a new position in Umpqua during the 2nd quarter valued at about $143,000. Cerebellum GP LLC acquired a new position in Umpqua during the 3rd quarter valued at about $173,000. ARP Americas LP acquired a new position in Umpqua during the 2nd quarter valued at about $203,000. Finally, Summit X LLC acquired a new position in Umpqua during the 2nd quarter valued at about $211,000. 89.33% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on UMPQ. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wells Fargo & Co set a $22.00 price objective on shares of Umpqua and gave the company a “hold” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research report on Monday, July 23rd. BidaskClub lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Finally, Raymond James reduced their price objective on shares of Umpqua from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.85.
NASDAQ:UMPQ opened at $19.34 on Friday. Umpqua Holdings Corp has a twelve month low of $18.17 and a twelve month high of $24.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market cap of $4.26 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Umpqua had a net margin of 24.23% and a return on equity of 7.74%. The company had revenue of $313.76 million during the quarter, compared to analyst estimates of $309.37 million. During the same quarter last year, the firm posted $0.28 EPS. Equities research analysts expect that Umpqua Holdings Corp will post 1.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.34%. This is a boost from Umpqua’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, September 27th. Umpqua’s dividend payout ratio (DPR) is presently 78.50%.
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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