Umpqua Holdings Corporation (UMPQ) Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 37.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,952 shares of the bank’s stock after selling 11,980 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Umpqua were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Ffcm LLC grew its stake in shares of Umpqua by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after buying an additional 3,657 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Umpqua by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. HighTower Advisors LLC acquired a new position in Umpqua during the 2nd quarter worth $203,000. Raymond James Trust N.A. acquired a new position in Umpqua during the 2nd quarter worth $206,000. Finally, Merriman Wealth Management LLC acquired a new position in Umpqua during the 3rd quarter worth $220,000. 88.15% of the stock is owned by institutional investors.

UMPQ has been the subject of several analyst reports. Piper Jaffray Companies reissued a “sell” rating and set a $16.50 target price on shares of Umpqua in a research note on Wednesday, October 4th. Wells Fargo & Co boosted their target price on Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods raised Umpqua from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Barclays boosted their target price on Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Finally, SunTrust Banks reissued a “buy” rating and set a $24.00 target price on shares of Umpqua in a research note on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.17.

Shares of Umpqua Holdings Corporation (UMPQ) opened at $21.48 on Monday. The stock has a market capitalization of $4,779.03, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua Holdings Corporation has a fifty-two week low of $16.65 and a fifty-two week high of $22.86.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same period last year, the firm earned $0.28 earnings per share. sell-side analysts predict that Umpqua Holdings Corporation will post 1.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is 67.93%.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of Umpqua 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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