Chase Investment Counsel Corp lowered its position in Umpqua Holdings Corp. (NASDAQ:UMPQ) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,695 shares of the company’s stock after selling 2,530 shares during the period. Chase Investment Counsel Corp’s holdings in Umpqua Holdings Corp. were worth $768,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Glenmede Trust Co. NA raised its stake in shares of Umpqua Holdings Corp. by 2,499.6% in the first quarter. Glenmede Trust Co. NA now owns 1,281,922 shares of the company’s stock worth $20,330,000 after buying an additional 1,232,610 shares during the last quarter. Sii Investments Inc. WI acquired a new stake in shares of Umpqua Holdings Corp. during the first quarter worth $389,000. Aperio Group LLC raised its stake in shares of Umpqua Holdings Corp. by 63.8% in the first quarter. Aperio Group LLC now owns 39,618 shares of the company’s stock worth $628,000 after buying an additional 15,430 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Umpqua Holdings Corp. by 10.1% in the first quarter. Ngam Advisors L.P. now owns 32,436 shares of the company’s stock worth $514,000 after buying an additional 2,975 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 91.73% of the company’s stock.
Umpqua Holdings Corp. (NASDAQ:UMPQ) traded up 0.07% during mid-day trading on Wednesday, hitting $15.07. The stock had a trading volume of 1,758,879 shares. Umpqua Holdings Corp. has a 12-month low of $13.46 and a 12-month high of $18.05. The stock has a 50-day moving average price of $15.71 and a 200 day moving average price of $15.64. The firm has a market cap of $3.32 billion, a P/E ratio of 14.94 and a beta of 1.27.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Umpqua Holdings Corp. had a return on equity of 6.77% and a net margin of 18.90%. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities analysts anticipate that Umpqua Holdings Corp. will post $1.07 EPS for the current fiscal year.
The company 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 dividend of $0.16 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 4.25%. Umpqua Holdings Corp.’s dividend payout ratio is presently 62.75%.
A number of equities research analysts have recently weighed in on UMPQ shares. Zacks Investment Research upgraded Umpqua Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $13.50 target price on shares of Umpqua Holdings Corp. in a report on Friday, June 17th. Citigroup Inc. downgraded Umpqua Holdings Corp. to an “outperform” rating in a report on Thursday, July 7th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Umpqua Holdings Corp. in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. decreased their target price on Umpqua Holdings Corp. from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.69.
About Umpqua Holdings Corp.
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.
Want to see what other hedge funds are holding UMPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Umpqua Holdings Corp. (NASDAQ:UMPQ).
Receive News & Ratings for Umpqua Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.