Royal Bank of Canada Trims Position in Umpqua Holdings Corporation (UMPQ)
Royal Bank of Canada lessened its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 24.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 429,825 shares of the bank’s stock after selling 136,173 shares during the quarter. Royal Bank of Canada owned 0.20% of Umpqua Holdings Corporation worth $7,891,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of UMPQ. Ffcm LLC increased its position in Umpqua Holdings Corporation by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,657 shares during the last quarter. Huntington National Bank increased its position in Umpqua Holdings Corporation by 30.6% during the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after acquiring an additional 1,685 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Umpqua Holdings Corporation by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after acquiring an additional 632 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Umpqua Holdings Corporation during the second quarter valued at $203,000. Finally, Raymond James Trust N.A. purchased a new stake in Umpqua Holdings Corporation during the second quarter valued at $206,000. Institutional investors own 87.77% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 19.95 on Thursday. The stock has a market cap of $4.39 billion, a PE ratio of 18.82 and a beta of 1.14. The firm has a 50-day moving average price of $18.86 and a 200-day moving average price of $18.15. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $20.03.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same period in the previous year, the business posted $0.28 EPS. Equities analysts forecast that Umpqua Holdings Corporation will post $1.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.61%. 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 67.93%.
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A number of analysts recently commented on the company. SunTrust Banks, Inc. assumed coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They set a “buy” rating and a $20.00 price objective for the company. BidaskClub cut Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Wedbush began coverage on Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price target for the company. ValuEngine upgraded Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Stephens restated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the 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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