State of Alaska Department of Revenue held its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,850 shares of the bank’s stock at the end of the second quarter. State of Alaska Department of Revenue’s holdings in Umpqua Holdings Corporation were worth $346,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after buying an additional 24,267,359 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Umpqua Holdings Corporation by 28.9% in the first quarter. Bank of New York Mellon Corp now owns 5,918,274 shares of the bank’s stock valued at $104,990,000 after buying an additional 1,326,488 shares in the last quarter. State Street Corp increased its stake in Umpqua Holdings Corporation by 10.8% in 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 in the last quarter. Macquarie Group Ltd. increased its stake in Umpqua Holdings Corporation by 36.7% in the fourth quarter. Macquarie Group Ltd. now owns 4,481,791 shares of the bank’s stock valued at $84,168,000 after buying an additional 1,203,172 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Umpqua Holdings Corporation by 103.6% in the first quarter. First Trust Advisors LP now owns 1,784,553 shares of the bank’s stock valued at $31,658,000 after buying an additional 907,935 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) traded down 1.61% on Monday, hitting $18.30. The company had a trading volume of 1,468,591 shares. The stock has a market capitalization of $4.03 billion, a PE ratio of 17.26 and a beta of 1.11. Umpqua Holdings Corporation has a 52 week low of $14.77 and a 52 week high of $19.50. The firm’s 50 day moving average price is $18.54 and its 200-day moving average price is $18.09.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $285.71 million. During the same period last year, the business earned $0.25 EPS. Analysts forecast that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Wednesday, June 28th. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 60.38%.

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UMPQ has been the subject of several recent research reports. Zacks Investment Research upgraded Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Stephens restated a “hold” rating on shares of Umpqua Holdings Corporation in a report on Wednesday, April 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Tuesday, May 9th. ValuEngine downgraded Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.86.

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.

Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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