Marshall Wace LLP Purchases 78,768 Shares of Umpqua Holdings Corp (NASDAQ:UMPQ)

Marshall Wace LLP raised its position in Umpqua Holdings Corp (NASDAQ:UMPQ) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,110,009 shares of the bank’s stock after acquiring an additional 78,768 shares during the quarter. Marshall Wace LLP’s holdings in Umpqua were worth $18,315,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UMPQ. BlackRock Inc. grew its stake in shares of Umpqua by 2.9% during the 1st quarter. BlackRock Inc. now owns 20,429,165 shares of the bank’s stock worth $337,080,000 after purchasing an additional 570,822 shares during the period. Atlanta Capital Management Co. L L C grew its stake in shares of Umpqua by 18.5% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock worth $196,776,000 after purchasing an additional 1,927,944 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Umpqua by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock worth $102,129,000 after purchasing an additional 426,501 shares during the period. Northern Trust Corp grew its stake in shares of Umpqua by 0.9% during the 4th quarter. Northern Trust Corp now owns 3,046,997 shares of the bank’s stock worth $48,447,000 after purchasing an additional 27,913 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Umpqua by 14.2% during the 1st quarter. Raymond James & Associates now owns 2,893,532 shares of the bank’s stock worth $47,743,000 after purchasing an additional 360,813 shares during the period. 87.57% of the stock is currently owned by institutional investors.

UMPQ has been the topic of a number of recent analyst reports. BidaskClub cut shares of Umpqua from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. Zacks Investment Research cut shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Stephens reaffirmed a “hold” rating and set a $21.00 price target on shares of Umpqua in a research note on Monday, April 22nd. Finally, DA Davidson reaffirmed a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Umpqua currently has a consensus rating of “Hold” and a consensus price target of $22.44.

Shares of NASDAQ UMPQ opened at $16.48 on Monday. The stock has a market capitalization of $3.63 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. Umpqua Holdings Corp has a 52 week low of $15.09 and a 52 week high of $24.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.99 and a current ratio of 1.00.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The business had revenue of $283.43 million during the quarter, compared to analyst estimates of $301.29 million. Umpqua had a net margin of 23.20% and a return on equity of 7.91%. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, equities research analysts expect that Umpqua Holdings Corp will post 1.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.21 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.84 dividend on an annualized basis and a yield of 5.10%. Umpqua’s payout ratio is 57.53%.

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About Umpqua

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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