Rice Hall James & Associates LLC boosted its position in Umpqua Holdings Corp. (NASDAQ:UMPQ) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,194 shares of the company’s stock after buying an additional 2,591 shares during the period. Rice Hall James & Associates LLC’s holdings in Umpqua Holdings Corp. were worth $2,153,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of UMPQ. Prudential Financial Inc. increased its stake in Umpqua Holdings Corp. by 186.8% in the first quarter. Prudential Financial Inc. now owns 778,049 shares of the company’s stock worth $12,340,000 after buying an additional 506,800 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its stake in shares of Umpqua Holdings Corp. by 140.6% in the first quarter. Endeavour Capital Advisors Inc. now owns 765,790 shares of the company’s stock valued at $12,145,000 after buying an additional 447,531 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Umpqua Holdings Corp. during the first quarter valued at $6,073,000. JPMorgan Chase & Co. boosted its stake in shares of Umpqua Holdings Corp. by 9.0% in the first quarter. JPMorgan Chase & Co. now owns 4,151,065 shares of the company’s stock valued at $65,836,000 after buying an additional 342,742 shares during the last quarter. Finally, AXA boosted its stake in shares of Umpqua Holdings Corp. by 250.7% in the first quarter. AXA now owns 457,600 shares of the company’s stock valued at $7,258,000 after buying an additional 327,100 shares during the last quarter. Institutional investors own 91.73% of the company’s stock.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) traded down 0.65% on Friday, reaching $15.31. The company had a trading volume of 2,262,184 shares. The company’s 50 day moving average price is $15.57 and its 200-day moving average price is $15.60. The stock has a market capitalization of $3.37 billion, a P/E ratio of 15.17 and a beta of 1.28. Umpqua Holdings Corp. has a 1-year low of $13.46 and a 1-year high of $18.05.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a net margin of 18.90% and a return on equity of 6.77%. During the same period last year, the firm posted $0.31 EPS. Equities analysts predict that Umpqua Holdings Corp. will post $1.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio is presently 62.75%.
Several brokerages have weighed in on UMPQ. JPMorgan Chase & Co. reissued a “hold” rating on shares of Umpqua Holdings Corp. in a research note on Saturday, July 9th. Zacks Investment Research raised Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Citigroup Inc. cut Umpqua Holdings Corp. to an “outperform” rating in a research note on Thursday, July 7th. Raymond James Financial Inc. reissued an “outperform” rating on shares of Umpqua Holdings Corp. in a research note on Thursday, July 7th. Finally, DA Davidson reissued a “buy” rating and set a $18.00 price objective on shares of Umpqua Holdings Corp. in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Umpqua Holdings Corp. currently has an average rating of “Hold” and a consensus price target of $17.69.
Umpqua Holdings Corp. Company Profile
Umpqua Holdings Corporation is a financial 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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