First Allied Advisory Services Inc. bought a new stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,128 shares of the bank’s stock, valued at approximately $284,000.
Other institutional investors have also recently bought and sold shares of the company. AGF Investments LLC boosted its stake in Umpqua by 456.0% during the 2nd quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,134 shares during the period. TRUE Private Wealth Advisors acquired a new position in Umpqua during the 2nd quarter valued at about $87,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Umpqua during the 1st quarter valued at about $90,000. CWM LLC boosted its stake in Umpqua by 3,046.5% during the 2nd quarter. CWM LLC now owns 7,237 shares of the bank’s stock valued at $120,000 after purchasing an additional 7,007 shares during the period. Finally, NumerixS Investment Technologies Inc boosted its stake in Umpqua by 17.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 11,400 shares of the bank’s stock valued at $190,000 after purchasing an additional 1,700 shares during the period. 86.37% of the stock is owned by hedge funds and other institutional investors.
UMPQ stock opened at $16.57 on Friday. Umpqua Holdings Corp has a 52 week low of $15.06 and a 52 week high of $21.64. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The firm’s 50-day moving average is $16.09 and its two-hundred day moving average is $16.70. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. Umpqua had a net margin of 25.09% and a return on equity of 8.71%. The company had revenue of $348.99 million for the quarter, compared to the consensus estimate of $300.90 million. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities research analysts predict that Umpqua Holdings Corp will post 1.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.07%. Umpqua’s payout ratio is currently 57.53%.
In related news, EVP Torran B. Nixon sold 5,303 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $15.31, for a total value of $81,188.93. Following the sale, the executive vice president now directly owns 103,344 shares in the company, valued at approximately $1,582,196.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David F. Shotwell sold 7,220 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was 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 owns 74,530 shares in the company, valued at $1,246,886.90. The disclosure for this sale can be found here. Insiders sold a total of 22,523 shares of company stock worth $369,680 over the last quarter. Insiders own 0.43% of the company’s stock.
A number of research analysts have issued reports on the stock. Raymond James set a $17.00 target price on shares of Umpqua and gave the company a “buy” rating in a research note on Thursday, August 29th. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Stephens restated a “hold” rating and set a $18.00 price target on shares of Umpqua in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.00.
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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