Capital World Investors raised its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,273,300 shares of the bank’s stock after purchasing an additional 944,594 shares during the period. Capital World Investors owned 6.94% of Umpqua Holdings Corporation worth $280,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UMPQ. BlackRock Inc. boosted its holdings in shares of Umpqua Holdings Corporation by 17,820.5% during the 1st quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock valued at $432,921,000 after purchasing an additional 24,267,359 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Umpqua Holdings Corporation by 591.2% during the 2nd quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock valued at $48,665,000 after purchasing an additional 2,267,129 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Umpqua Holdings Corporation by 1,072.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock valued at $34,974,000 after purchasing an additional 1,742,435 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Umpqua Holdings Corporation during the 2nd quarter valued at about $28,844,000. Finally, State Street Corp boosted its holdings in shares of Umpqua Holdings Corporation by 10.8% during the 1st quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock valued at $235,592,000 after purchasing an additional 1,294,031 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

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Several analysts have recently issued reports on the stock. Piper Jaffray Companies restated a “sell” rating and set a $16.50 target price on shares of Umpqua Holdings Corporation in a research report on Wednesday. SunTrust Banks, Inc. assumed coverage on shares of Umpqua Holdings Corporation in a research report on Friday, August 18th. They set a “buy” rating and a $20.00 target price on the stock. BidaskClub cut shares of Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Wedbush assumed coverage on shares of Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 target price on the stock. Finally, ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Umpqua Holdings Corporation currently has an average rating of “Hold” and an average price target of $19.64.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 19.57 on Thursday. The stock has a market capitalization of $4.31 billion, a PE ratio of 18.46 and a beta of 1.14. The stock’s 50 day moving average is $18.14 and its 200 day moving average is $17.98. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $19.85.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business 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 previous year, the firm posted $0.25 earnings per share. Analysts anticipate that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 3.68%. Umpqua Holdings Corporation’s payout ratio is presently 67.93%.

Umpqua Holdings Corporation Company Profile

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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