Los Angeles Capital Management & Equity Research Inc. raised its holdings in Umpqua Holdings Corp (NASDAQ:UMPQ) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684,485 shares of the bank’s stock after buying an additional 27,950 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.31% of Umpqua worth $11,294,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Umpqua by 2.3% in the 4th quarter. BlackRock Inc. now owns 19,858,343 shares of the bank’s stock valued at $315,746,000 after purchasing an additional 447,110 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of Umpqua by 18.5% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock worth $196,776,000 after acquiring an additional 1,927,944 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Umpqua by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock worth $102,129,000 after acquiring an additional 426,501 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Umpqua by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 3,554,888 shares of the bank’s stock worth $56,523,000 after acquiring an additional 25,315 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Umpqua by 0.9% during the 4th quarter. Northern Trust Corp now owns 3,046,997 shares of the bank’s stock worth $48,447,000 after acquiring an additional 27,913 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.
Shares of Umpqua stock traded down $0.36 during trading on Wednesday, hitting $16.83. 734,531 shares of the company were exchanged, compared to its average volume of 1,807,746. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $3.73 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.20 and a beta of 1.08. Umpqua Holdings Corp has a fifty-two week low of $15.09 and a fifty-two week high of $24.89.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). The business had revenue of $283.43 million during the quarter, compared to analyst estimates of $301.29 million. Umpqua had a net margin of 23.20% and a return on equity of 7.91%. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, research analysts expect that Umpqua Holdings Corp will post 1.55 EPS for the current fiscal year.
Several brokerages have recently commented on UMPQ. DA Davidson reissued a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. BidaskClub lowered Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Zacks Investment Research lowered Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. ValuEngine lowered Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Finally, Stephens restated a “hold” rating and set a $21.00 price objective on shares of Umpqua in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.44.
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Umpqua Company Profile
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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