Wilbanks Smith & Thomas Asset Management LLC Purchases New Position in Umpqua Holdings Corporation (UMPQ)
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%.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/12/wilbanks-smith-thomas-asset-management-llc-purchases-new-position-in-umpqua-holdings-corporation-umpq.html.
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.
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).
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.