Legacy Private Trust Co. Cuts Stock Position in Umpqua Holdings Corp (NASDAQ:UMPQ)

Legacy Private Trust Co. lowered its position in Umpqua Holdings Corp (NASDAQ:UMPQ) by 20.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,000 shares of the bank’s stock after selling 3,000 shares during the period. Legacy Private Trust Co.’s holdings in Umpqua were worth $198,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. AGF Investments LLC boosted its stake in Umpqua by 456.0% during the second quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock worth $43,000 after buying an additional 2,134 shares during the period. TRUE Private Wealth Advisors purchased a new position in Umpqua during the second quarter worth about $87,000. CWM LLC boosted its stake in Umpqua by 3,046.5% during the second quarter. CWM LLC now owns 7,237 shares of the bank’s stock worth $120,000 after buying an additional 7,007 shares during the period. HighTower Advisors LLC purchased a new position in Umpqua during the second quarter worth about $180,000. Finally, WINTON GROUP Ltd purchased a new position in Umpqua during the second quarter worth about $190,000. 86.37% of the stock is currently owned by hedge funds and other institutional investors.

UMPQ has been the subject of several research analyst reports. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. BidaskClub lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday. SunTrust Banks lowered their target price on shares of Umpqua from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. ValuEngine raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Raymond James set a $17.00 price target on shares of Umpqua and gave the stock a “buy” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.40.

In related news, Director Luis Machuca sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $16.77, for a total value of $167,700.00. Following the sale, the director now owns 7,954 shares of the company’s stock, valued at $133,388.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David F. Shotwell sold 7,220 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $16.73, for a total transaction of $120,790.60. Following the completion of the sale, the executive vice president now directly owns 74,530 shares in the company, valued at approximately $1,246,886.90. The disclosure for this sale can be found here. Insiders have sold 22,523 shares of company stock worth $369,680 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Shares of UMPQ traded up $0.36 during mid-day trading on Friday, hitting $15.94. 15,486 shares of the company’s stock were exchanged, compared to its average volume of 1,197,999. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.21 and a beta of 1.08. Umpqua Holdings Corp has a fifty-two week low of $15.06 and a fifty-two week high of $21.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.99 and a current ratio of 1.01. The stock’s 50-day moving average is $16.09 and its 200-day moving average is $16.61.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The business had revenue of $348.99 million for the quarter, compared to analysts’ expectations of $300.90 million. Umpqua had a net margin of 25.09% and a return on equity of 8.71%. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities research analysts anticipate that Umpqua Holdings Corp will post 1.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 5.27%. Umpqua’s dividend payout ratio is presently 57.53%.

About Umpqua

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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