Umpqua Holdings Corporation (UMPQ) Shares Bought by Comerica Bank
Comerica Bank raised its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 83.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 311,659 shares of the bank’s stock after buying an additional 141,376 shares during the period. Comerica Bank owned 0.14% of Umpqua Holdings Corporation worth $5,884,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Umpqua Holdings Corporation by 14.3% in the second quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock worth $4,614,000 after buying an additional 31,336 shares during the period. IMS Capital Management boosted its stake in Umpqua Holdings Corporation by 2.1% in the second quarter. IMS Capital Management now owns 127,372 shares of the bank’s stock worth $2,339,000 after buying an additional 2,603 shares during the period. Bank of New York Mellon Corp boosted its stake in Umpqua Holdings Corporation by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock worth $112,464,000 after buying an additional 207,304 shares during the period. SG Americas Securities LLC boosted its stake in Umpqua Holdings Corporation by 59.1% in the second quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock worth $1,493,000 after buying an additional 30,198 shares during the period. Finally, Trillium Asset Management LLC boosted its stake in Umpqua Holdings Corporation by 3.3% in the second quarter. Trillium Asset Management LLC now owns 487,870 shares of the bank’s stock worth $8,957,000 after buying an additional 15,732 shares during the period. Institutional investors own 88.52% of the company’s stock.
Umpqua Holdings Corporation (UMPQ) opened at 17.31 on Thursday. The stock has a market capitalization of $3.81 billion, a PE ratio of 16.33 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 stock has a 50 day moving average price of $18.25 and a 200 day moving average price of $18.04.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its 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. 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 during the quarter, compared to analyst estimates of $285.71 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Equities analysts forecast that Umpqua Holdings Corporation will post $1.05 EPS for the current year.
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A number of equities research analysts have commented on the company. SunTrust Banks, Inc. assumed coverage on Umpqua Holdings Corporation in a research note on Friday, August 18th. They issued a “buy” rating and a $20.00 price target for the company. BidaskClub cut Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Stephens reiterated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus price target of $20.14.
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.
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