Geode Capital Management LLC Has $37.28 Million Stock Holdings in Umpqua Holdings Corp (NASDAQ:UMPQ)

Geode Capital Management LLC grew its position in Umpqua Holdings Corp (NASDAQ:UMPQ) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,344,474 shares of the bank’s stock after acquiring an additional 158,381 shares during the quarter. Geode Capital Management LLC owned about 1.06% of Umpqua worth $37,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UMPQ. Norges Bank purchased a new position in Umpqua in the fourth quarter worth $39,841,000. Atlanta Capital Management Co. L L C raised its position in Umpqua by 18.5% in the fourth 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. Oregon Public Employees Retirement Fund raised its position in Umpqua by 1,490.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,371,455 shares of the bank’s stock worth $86,000 after acquiring an additional 1,285,200 shares in the last quarter. Boston Partners purchased a new position in shares of Umpqua in the fourth quarter valued at $17,850,000. Finally, Two Sigma Investments LP increased its position in shares of Umpqua by 220.5% in the fourth quarter. Two Sigma Investments LP now owns 1,316,753 shares of the bank’s stock valued at $20,936,000 after buying an additional 905,881 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. BidaskClub upgraded Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. DA Davidson restated a “buy” rating on shares of Umpqua in a research report on Thursday, April 18th. Finally, Stephens restated a “hold” rating and issued a $21.00 price target on shares of Umpqua in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Umpqua presently has an average rating of “Hold” and an average price target of $22.44.

NASDAQ:UMPQ remained flat at $$16.30 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,395,061 shares, compared to its average volume of 1,702,997. The business’s fifty day simple moving average is $16.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.99 and a current ratio of 1.00. Umpqua Holdings Corp has a 12-month low of $15.09 and a 12-month high of $23.57. The firm has a market capitalization of $3.60 billion, a P/E ratio of 11.16, a PEG ratio of 1.17 and a beta of 1.09.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 7.91% and a net margin of 23.20%. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, research analysts expect that Umpqua Holdings Corp will post 1.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Thursday, June 27th. Umpqua’s dividend payout ratio is currently 57.53%.

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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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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