Bridge City Capital LLC raised its holdings in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,825 shares of the bank’s stock after acquiring an additional 5,826 shares during the quarter. Bridge City Capital LLC’s holdings in Umpqua Holdings Corporation were worth $1,421,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas increased its position in Umpqua Holdings Corporation by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,684 shares of the bank’s stock valued at $325,000 after acquiring an additional 261 shares during the period. World Asset Management Inc boosted its stake in Umpqua Holdings Corporation by 2.1% during the second quarter. World Asset Management Inc now owns 13,948 shares of the bank’s stock worth $256,000 after acquiring an additional 290 shares in the last quarter. Amalgamated Bank boosted its stake in Umpqua Holdings Corporation by 1.3% during the second quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock worth $577,000 after acquiring an additional 390 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Umpqua Holdings Corporation by 0.4% during the first quarter. Public Employees Retirement System of Ohio now owns 124,181 shares of the bank’s stock worth $2,203,000 after acquiring an additional 441 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Umpqua Holdings Corporation by 2.4% during the second quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock worth $387,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 87.80% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, July 25th. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. SunTrust Banks, Inc. started coverage on shares of Umpqua Holdings Corporation in a report on Friday, August 18th. They set a “buy” rating and a $20.00 price objective for the company. Barclays PLC raised their price objective on shares of Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.72.
In related news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.
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Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. During the same period in the prior year, the company posted $0.28 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.52%. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio is currently 67.93%.
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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