Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,675 shares of the bank’s stock, valued at approximately $269,000.

Several other hedge funds also recently modified their holdings of UMPQ. Ffcm LLC increased its stake in shares of Umpqua Holdings Corporation by 150.1% during the 2nd quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after purchasing an additional 3,657 shares during the last quarter. Huntington National Bank grew its stake in Umpqua Holdings Corporation by 30.6% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Umpqua Holdings Corporation by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. HighTower Advisors LLC purchased a new position in Umpqua Holdings Corporation in the 2nd quarter valued at approximately $203,000. Finally, Raymond James Trust N.A. purchased a new position in Umpqua Holdings Corporation in the 2nd quarter valued at approximately $206,000. Institutional investors own 87.77% of the company’s stock.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (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 analysts’ expectations 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 period last year, the company earned $0.25 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.18 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.63%. Umpqua Holdings Corporation’s dividend payout ratio is 67.93%.

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UMPQ has been the subject of a number of recent research reports. Piper Jaffray Companies reiterated a “sell” rating and issued a $16.50 price objective on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. 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 objective on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. Finally, ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.64.

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.

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

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