Goldman Sachs Group Inc. cut its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,128,119 shares of the bank’s stock after selling 54,114 shares during the period. Goldman Sachs Group Inc. owned about 0.51% of Umpqua Holdings Corporation worth $20,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UMPQ. Russell Investments Group Ltd. purchased a new stake in shares of Umpqua Holdings Corporation during the fourth quarter valued at $3,401,000. FMR LLC purchased a new stake in shares of Umpqua Holdings Corporation during the fourth quarter valued at $10,205,000. GSA Capital Partners LLP purchased a new stake in shares of Umpqua Holdings Corporation during the fourth quarter valued at $258,000. First Republic Investment Management Inc. purchased a new stake in shares of Umpqua Holdings Corporation during the fourth quarter valued at $191,000. Finally, Janus Capital Management LLC increased its stake in shares of Umpqua Holdings Corporation by 8.0% in the fourth quarter. Janus Capital Management LLC now owns 27,328 shares of the bank’s stock valued at $513,000 after buying an additional 2,028 shares during the last quarter. Institutional investors own 87.64% of the company’s stock.

Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) traded down 0.11% during trading on Tuesday, reaching $18.28. 1,983,798 shares of the company traded hands. The firm has a market capitalization of $4.03 billion, a PE ratio of 17.25 and a beta of 1.11. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $19.50. The firm has a 50-day moving average price of $18.53 and a 200-day moving average price of $18.10.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same quarter in the prior year, the business posted $0.25 earnings per share. Equities research analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Wednesday, June 28th. Umpqua Holdings Corporation’s dividend payout ratio is currently 60.38%.

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Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub raised shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price objective on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Monday, July 10th. Finally, Wedbush began coverage on shares of Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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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