Strategic Wealth Advisors Group LLC Acquires Shares of 10,591 Umpqua Holdings Co. (NASDAQ:UMPQ)

Strategic Wealth Advisors Group LLC acquired a new stake in Umpqua Holdings Co. (NASDAQ:UMPQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,591 shares of the bank’s stock, valued at approximately $195,000.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of Umpqua by 63.6% during the first quarter. Captrust Financial Advisors now owns 4,123 shares of the bank’s stock worth $72,000 after purchasing an additional 1,603 shares in the last quarter. Alpha Paradigm Partners LLC bought a new position in shares of Umpqua during the first quarter worth $113,000. Panagora Asset Management Inc. boosted its position in shares of Umpqua by 4,131.2% during the first quarter. Panagora Asset Management Inc. now owns 7,870 shares of the bank’s stock worth $138,000 after purchasing an additional 7,684 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Umpqua during the second quarter worth $187,000. Finally, XTX Topco Ltd bought a new position in shares of Umpqua during the first quarter worth $194,000. 87.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:UMPQ opened at $19.28 on Wednesday. Umpqua Holdings Co. has a 12 month low of $10.03 and a 12 month high of $20.44. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $19.07 and its 200 day simple moving average is $18.67. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 8.49 and a beta of 1.24.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Tuesday, July 20th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. Umpqua had a net margin of 34.90% and a return on equity of 18.56%. The firm had revenue of $320.84 million for the quarter, compared to analyst estimates of $311.70 million. During the same period in the previous year, the business earned $0.24 EPS. Research analysts expect that Umpqua Holdings Co. will post 1.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Friday, August 20th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $0.84 annualized dividend and a yield of 4.36%. Umpqua’s payout ratio is currently -100.00%.

A number of equities analysts have recently weighed in on UMPQ shares. Stephens reissued an “overweight” rating and set a $18.64 price target (down from $21.50) on shares of Umpqua in a research report on Tuesday, July 27th. JPMorgan Chase & Co. raised shares of Umpqua from an “underweight” rating to a “neutral” rating and set a $22.50 price target on the stock in a research report on Monday, July 26th. Finally, Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Friday, July 30th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $17.52.

Umpqua Profile

Umpqua Holdings Corp. operates as a bank holding company, which provides banking and financial services. The firm operates through followings segments: Wholesale Bank, Wealth Management, Retail Bank and Home Lending. The Wholesale Bank segment includes lending, treasury and cash management services and customer risk management products to middle market corporate, commercial and business banking customers and the operations of FinPac.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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