First Trust Advisors LP cut its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735,059 shares of the bank’s stock after selling 49,494 shares during the period. First Trust Advisors LP owned 0.79% of Umpqua Holdings Corporation worth $31,856,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in UMPQ. Tyers Asset Management LLC raised its stake in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock valued at $118,000 after buying an additional 1,424 shares during the last quarter. Huntington National Bank raised its stake in shares of Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after buying an additional 1,685 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock valued at $139,000 after buying an additional 1,500 shares during the last quarter. Elkfork Partners LLC raised its stake in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock valued at $162,000 after buying an additional 1,958 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Umpqua Holdings Corporation by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock valued at $179,000 after buying an additional 280 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 17.69 on Tuesday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 16.69 and a beta of 1.11. The company’s 50 day moving average is $18.46 and its 200-day moving average is $18.08. Umpqua Holdings Corporation has a 1-year low of $14.77 and a 1-year high of $19.50.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $283.20 million during the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter last year, the firm earned $0.25 earnings per share. On average, analysts predict that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 3.62%. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 60.38%.

ILLEGAL ACTIVITY NOTICE: “First Trust Advisors LP Has $31.86 Million Position in Umpqua Holdings Corporation (UMPQ)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/15/first-trust-advisors-lp-has-31-86-million-position-in-umpqua-holdings-corporation-umpq.html.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Thursday, June 8th. Stephens restated a “hold” rating on shares of Umpqua Holdings Corporation in a research note on Wednesday, April 19th. Finally, ValuEngine lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One 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 assigned a strong buy rating to the stock. Umpqua Holdings Corporation currently has an average rating of “Hold” and an average 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.

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 Corporation (NASDAQ:UMPQ).

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

Receive News & Stock Ratings for Umpqua Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua Holdings Corporation and related stocks with our FREE daily email newsletter.