Naples Global Advisors LLC boosted its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 19.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 36,155 shares of the bank’s stock after buying an additional 5,875 shares during the period. Naples Global Advisors LLC’s holdings in Umpqua Holdings Corporation were worth $664,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. ING Groep NV bought a new stake in Umpqua Holdings Corporation during the second quarter valued at approximately $492,000. Russell Investments Group Ltd. raised its stake in shares of Umpqua Holdings Corporation by 144.4% in the second quarter. Russell Investments Group Ltd. now owns 1,249,562 shares of the bank’s stock valued at $22,942,000 after buying an additional 738,245 shares during the last quarter. Breton Hill Capital Ltd. raised its stake in shares of Umpqua Holdings Corporation by 39.8% in the second quarter. Breton Hill Capital Ltd. now owns 101,885 shares of the bank’s stock valued at $1,871,000 after buying an additional 29,007 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Umpqua Holdings Corporation by 30.8% in the second quarter. First Citizens Bank & Trust Co. now owns 16,006 shares of the bank’s stock valued at $294,000 after buying an additional 3,772 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in Umpqua Holdings Corporation during the second quarter valued at $467,000. 88.52% of the stock is currently owned by institutional investors.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 17.51 on Thursday. The company’s 50-day moving average is $18.43 and its 200-day moving average is $18.07. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $19.50. The stock has a market cap of $3.86 billion, a P/E ratio of 16.52 and a beta of 1.11.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The company had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. During the same quarter last year, the firm earned $0.25 EPS. On average, equities research analysts anticipate that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.
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Several analysts recently commented on the stock. ValuEngine downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Thursday, June 8th. BidaskClub raised shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, July 25th. Finally, Stephens restated a “hold” rating on shares of Umpqua Holdings Corporation in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.86.
Umpqua Holdings Corporation Company Profile
Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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