Trillium Asset Management LLC Boosts Holdings in Umpqua Holdings Corporation (UMPQ)
Trillium Asset Management LLC raised its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,492 shares of the bank’s stock after purchasing an additional 6,622 shares during the quarter. Trillium Asset Management LLC owned 0.22% of Umpqua Holdings Corporation worth $9,648,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Ffcm LLC raised its position in Umpqua Holdings Corporation by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,657 shares during the last quarter. Huntington National Bank raised its position in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after purchasing an additional 1,685 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after purchasing an additional 632 shares during the last quarter. HighTower Advisors LLC bought a new position in Umpqua Holdings Corporation in the second quarter valued at about $203,000. Finally, Raymond James Trust N.A. bought a new position in Umpqua Holdings Corporation in the second quarter valued at about $206,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) traded down $0.50 on Tuesday, hitting $20.14. The stock had a trading volume of 290,370 shares, compared to its average volume of 1,530,000. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4,430.00, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.12. Umpqua Holdings Corporation has a 52 week low of $15.09 and a 52 week high of $20.98.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued 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). The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter in the previous year, the business earned $0.28 EPS. research analysts predict that Umpqua Holdings Corporation will post 1.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.18 per share. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.57%. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 67.92%.
In other news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.
UMPQ has been the subject of several research reports. Piper Jaffray Companies reiterated a “sell” rating and issued a $16.50 target price on shares of Umpqua Holdings Corporation in a research report on Wednesday, October 4th. Wells Fargo & Company raised their price objective on Umpqua Holdings Corporation from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Barclays PLC raised their price objective on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research report on Monday, October 16th. Finally, BidaskClub downgraded Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.06.
Umpqua Holdings Corporation 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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