Ffcm LLC boosted its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 150.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,093 shares of the bank’s stock after buying an additional 3,657 shares during the period. Ffcm LLC’s holdings in Umpqua Holdings Corporation were worth $114,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Umpqua Holdings Corporation by 17,820.5% during the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock valued at $432,921,000 after buying an additional 24,267,359 shares during the last quarter. Vanguard Group Inc. boosted its stake in Umpqua Holdings Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 18,767,385 shares of the bank’s stock valued at $332,934,000 after buying an additional 903,885 shares during the last quarter. State Street Corp boosted its stake in Umpqua Holdings Corporation by 10.8% during the first quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock valued at $235,592,000 after buying an additional 1,294,031 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Umpqua Holdings Corporation by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock valued at $112,464,000 after buying an additional 207,304 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of 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 during the last quarter. 87.78% of the stock is owned by institutional investors.
Several research firms have recently issued reports on UMPQ. SunTrust Banks, Inc. began coverage on Umpqua Holdings Corporation in a research note on Friday, August 18th. They issued a “buy” rating and a $20.00 price objective for the company. BidaskClub lowered Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Stephens reiterated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Monday, July 10th. One investment 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. The stock presently has an average rating of “Hold” and an average price target of $20.17.
Shares of Umpqua Holdings Corporation (UMPQ) traded up 0.17% during mid-day trading on Friday, reaching $18.13. The company’s stock had a trading volume of 1,013,381 shares. The stock has a 50 day moving average of $17.75 and a 200-day moving average of $17.91. The stock has a market cap of $3.99 billion, a P/E ratio of 17.10 and a beta of 1.12. Umpqua Holdings Corporation has a one year low of $14.78 and a one year high of $19.50.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $283.20 million for the quarter, compared to the consensus estimate of $285.71 million. During the same period in the prior year, the company earned $0.25 EPS. On average, equities research analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.98%. 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. Umpqua Holdings Corporation’s dividend payout ratio is currently 60.38%.
About Umpqua Holdings Corporation
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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