Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 20 Shares of Umpqua Holdings Corporation (UMPQ)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,167 shares of the bank’s stock after selling 20 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Umpqua Holdings Corporation were worth $591,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Umpqua Holdings Corporation by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock valued at $1,486,000 after acquiring an additional 3,397 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Umpqua Holdings Corporation in the second quarter valued at about $285,000. Paragon Capital Management Ltd acquired a new stake in shares of Umpqua Holdings Corporation in the second quarter valued at about $255,000. TCW Group Inc. increased its position in shares of Umpqua Holdings Corporation by 10.5% in the first quarter. TCW Group Inc. now owns 106,644 shares of the bank’s stock valued at $1,891,000 after acquiring an additional 10,098 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of Umpqua Holdings Corporation by 0.9% in the first quarter. Suntrust Banks Inc. now owns 28,880 shares of the bank’s stock valued at $511,000 after acquiring an additional 253 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on UMPQ shares. ValuEngine downgraded Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods set a $20.00 target price on Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Thursday, June 8th. BidaskClub raised Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research raised Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Wedbush started coverage on Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.17.
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Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 18.64 on Tuesday. Umpqua Holdings Corporation has a one year low of $14.78 and a one year high of $19.50. The stock’s 50 day moving average price is $17.74 and its 200-day moving average price is $17.88. The company has a market cap of $4.10 billion, a PE ratio of 17.58 and a beta of 1.12.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. The company had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $285.71 million. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 3.86%. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 60.38%.
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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