Tealwood Asset Management Inc. Buys Shares of 184,095 Umpqua Holdings Corporation (UMPQ)
Tealwood Asset Management Inc. bought a new position in Umpqua Holdings Corporation (NASDAQ:UMPQ) in the 4th quarter, HoldingsChannel reports. The fund bought 184,095 shares of the bank’s stock, valued at approximately $3,829,000. Umpqua makes up 1.4% of Tealwood Asset Management Inc.’s holdings, making the stock its 25th biggest position.
A number of other institutional investors have also recently modified their holdings of UMPQ. Zions Bancorporation bought a new position in Umpqua in the 3rd quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Umpqua by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after buying an additional 632 shares during the period. HighTower Advisors LLC bought a new position in Umpqua in the 2nd quarter worth $203,000. Raymond James Trust N.A. bought a new position in Umpqua in the 2nd quarter worth $206,000. Finally, Merriman Wealth Management LLC bought a new position in Umpqua in the 3rd quarter worth $220,000. 88.15% of the stock is owned by institutional investors.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up $0.33 on Friday, hitting $22.37. 1,098,200 shares of the company’s stock traded hands, compared to its average volume of 1,476,754. Umpqua Holdings Corporation has a twelve month low of $16.65 and a twelve month high of $22.86. The company has a market cap of $4,930.00, a P/E ratio of 21.10, a PEG ratio of 1.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96.
The business also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is presently 67.92%.
Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Umpqua from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Friday, January 12th. Barclays increased their price objective on shares of Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Wedbush raised shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Umpqua currently has an average rating of “Buy” and an average target price of $21.39.
In other news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were 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 available through this link. 0.52% of the stock is currently owned by corporate insiders.
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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