Pacer Advisors Inc. raised its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 12.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,495 shares of the bank’s stock after purchasing an additional 2,832 shares during the period. Pacer Advisors Inc.’s holdings in Umpqua Holdings Corporation were worth $486,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Umpqua Holdings Corporation by 17,820.5% in the 1st quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock valued at $432,921,000 after purchasing an additional 24,267,359 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Umpqua Holdings Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 18,767,385 shares of the bank’s stock valued at $332,934,000 after purchasing an additional 903,885 shares in the last quarter. State Street Corp lifted its holdings in Umpqua Holdings Corporation by 10.8% in the 1st quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock valued at $235,592,000 after purchasing an additional 1,294,031 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Umpqua Holdings Corporation by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock valued at $112,464,000 after purchasing an additional 207,304 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Umpqua Holdings Corporation by 8.2% in the 1st quarter. Macquarie Group Ltd. now owns 4,851,305 shares of the bank’s stock valued at $86,062,000 after purchasing an additional 369,514 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 18.11 on Friday. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $19.50. The firm has a market capitalization of $3.99 billion, a P/E ratio of 17.08 and a beta of 1.12. The company’s 50 day moving average price is $17.75 and its 200-day moving average price is $17.91.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 in the prior year, the company earned $0.25 earnings per share. On average, equities analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 3.98%. Umpqua Holdings Corporation’s dividend payout ratio is 60.38%.
UMPQ has been the topic of a number of research reports. ValuEngine lowered 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 Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Thursday, June 8th. BidaskClub upgraded Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Wedbush initiated coverage on Umpqua Holdings Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus target price of $20.17.
Umpqua Holdings Corporation 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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