ClariVest Asset Management LLC decreased its position in shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 81,900 shares of the company’s stock after selling 1,235 shares during the period. ClariVest Asset Management LLC’s holdings in Umpqua Holdings Corp. were worth $1,267,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rice Hall James & Associates LLC raised its position in shares of Umpqua Holdings Corp. by 1.9% in the second quarter. Rice Hall James & Associates LLC now owns 139,194 shares of the company’s stock worth $2,153,000 after buying an additional 2,591 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of Umpqua Holdings Corp. by 18.7% in the second quarter. GW&K Investment Management LLC now owns 536,361 shares of the company’s stock worth $8,298,000 after buying an additional 84,460 shares in the last quarter. Strs Ohio raised its position in shares of Umpqua Holdings Corp. by 0.8% in the second quarter. Strs Ohio now owns 398,200 shares of the company’s stock worth $6,160,000 after buying an additional 3,000 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Umpqua Holdings Corp. during the second quarter worth approximately $381,000. Finally, New York State Teachers Retirement System raised its position in shares of Umpqua Holdings Corp. by 13.7% in the second quarter. New York State Teachers Retirement System now owns 285,438 shares of the company’s stock worth $4,416,000 after buying an additional 34,500 shares in the last quarter. 91.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) traded up 0.79% during mid-day trading on Friday, hitting $15.24. The company’s stock had a trading volume of 871,178 shares. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 15.10 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. The company has a 50-day moving average of $15.48 and a 200 day moving average of $15.59.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $0.31 EPS. On average, analysts expect that Umpqua Holdings Corp. will post $1.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio is currently 62.75%.
Several brokerages recently weighed in on UMPQ. Zacks Investment Research upgraded Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Raymond James Financial Inc. upgraded Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Thursday, August 25th. DA Davidson restated a “buy” rating and set a $18.00 target price on shares of Umpqua Holdings Corp. in a research note on Tuesday, August 23rd. Wells Fargo & Co. downgraded Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 11th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Umpqua Holdings Corp. in a research note on Saturday, July 9th. 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 issued a strong buy rating to the stock. Umpqua Holdings Corp. presently has a consensus rating of “Hold” and a consensus 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.
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