Rothschild Asset Management Inc. Boosts Holdings in Umpqua Holdings Corporation (UMPQ)
Rothschild Asset Management Inc. lifted its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,299,752 shares of the bank’s stock after acquiring an additional 89,698 shares during the quarter. Rothschild Asset Management Inc. owned approximately 0.59% of Umpqua Holdings Corporation worth $25,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of UMPQ. FMR LLC raised its position in shares of Umpqua Holdings Corporation by 1.8% during the first quarter. FMR LLC now owns 553,300 shares of the bank’s stock worth $9,816,000 after acquiring an additional 9,900 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Umpqua Holdings Corporation by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock worth $1,486,000 after purchasing an additional 3,397 shares during the period. LS Investment Advisors LLC grew its stake in Umpqua Holdings Corporation by 15.4% during the second quarter. LS Investment Advisors LLC now owns 17,166 shares of the bank’s stock worth $315,000 after purchasing an additional 2,285 shares during the period. Nisa Investment Advisors LLC grew its stake in Umpqua Holdings Corporation by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 123,175 shares of the bank’s stock worth $2,214,000 after purchasing an additional 11,490 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in Umpqua Holdings Corporation by 3.4% during the second quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the bank’s stock worth $1,056,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 87.79% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) traded down $0.20 during trading on Thursday, reaching $20.70. The company’s stock had a trading volume of 927,100 shares, compared to its average volume of 1,500,164. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31. Umpqua Holdings Corporation has a 12-month low of $16.65 and a 12-month high of $20.99. The firm has a market capitalization of $4,602.84, a PE ratio of 20.10, a PEG ratio of 2.37 and a beta of 1.12.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million during the quarter, compared to analyst estimates 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 period last year, the business posted $0.28 EPS. analysts expect that Umpqua Holdings Corporation will post 1.04 earnings per share for the current fiscal year.
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Several research firms recently commented on UMPQ. Keefe, Bruyette & Woods raised Umpqua Holdings Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $23.00 target price on shares of Umpqua Holdings Corporation in a research note on Monday, November 6th. Barclays PLC raised their target price on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Wells Fargo & Company raised their target price on Umpqua Holdings Corporation from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and set a $16.50 target price on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.06.
In related news, insider Raymond P. Davis sold 36,829 shares of Umpqua Holdings Corporation stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.
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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