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.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The company had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. During the same period last year, the company earned $0.28 EPS. analysts forecast that Umpqua Holdings Corporation will post 1.04 earnings per share for the current year.

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.

COPYRIGHT VIOLATION WARNING: “Tealwood Asset Management Inc. Buys Shares of 184,095 Umpqua Holdings Corporation (UMPQ)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2018/01/19/tealwood-asset-management-inc-buys-shares-of-184095-umpqua-holdings-corporation-umpq.html.

Umpqua 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).

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.