GW&K Investment Management LLC raised its stake in shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) by 18.7% during the second quarter, Holdings Channel reports. The institutional investor owned 536,361 shares of the company’s stock after buying an additional 84,460 shares during the period. GW&K Investment Management LLC’s holdings in Umpqua Holdings Corp. were worth $8,298,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. State Street Corp boosted its stake in Umpqua Holdings Corp. by 0.9% in the first quarter. State Street Corp now owns 10,975,389 shares of the company’s stock valued at $174,070,000 after buying an additional 101,355 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Umpqua Holdings Corp. by 9.0% in the first quarter. JPMorgan Chase & Co. now owns 4,151,065 shares of the company’s stock valued at $65,836,000 after buying an additional 342,742 shares in the last quarter. Geode Capital Management LLC boosted its stake in Umpqua Holdings Corp. by 6.1% in the first quarter. Geode Capital Management LLC now owns 1,826,464 shares of the company’s stock valued at $28,967,000 after buying an additional 104,581 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Umpqua Holdings Corp. by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,553,178 shares of the company’s stock valued at $24,634,000 after buying an additional 86,720 shares in the last quarter. Finally, Skyline Asset Management LP boosted its stake in Umpqua Holdings Corp. by 1.3% in the first quarter. Skyline Asset Management LP now owns 1,488,922 shares of the company’s stock valued at $23,614,000 after buying an additional 19,065 shares in the last quarter. 91.73% of the stock is owned by institutional investors and hedge funds.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) traded down 1.46% during mid-day trading on Thursday, hitting $14.85. The stock had a trading volume of 1,332,009 shares. The company has a 50 day moving average price of $15.66 and a 200 day moving average price of $15.64. The firm has a market cap of $3.27 billion, a P/E ratio of 14.72 and a beta of 1.27. Umpqua Holdings Corp. has a 12-month low of $13.46 and a 12-month high of $18.05.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last posted its earnings results on Wednesday, July 20th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a return on equity of 6.77% and a net margin of 18.90%. During the same period in the previous year, the company posted $0.31 EPS. Equities analysts forecast that Umpqua Holdings Corp. will post $1.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio is currently 62.75%.
Several analysts have recently commented on UMPQ shares. Raymond James Financial Inc. raised Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Friday, July 8th. Citigroup Inc. cut Umpqua Holdings Corp. to an “outperform” rating in a report on Thursday, July 7th. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $13.50 price objective on shares of Umpqua Holdings Corp. in a report on Friday, June 17th. Zacks Investment Research cut Umpqua Holdings Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Umpqua Holdings Corp. in a report on Saturday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Umpqua Holdings Corp. has an average rating of “Hold” and a consensus target price of $17.69.
Umpqua Holdings Corp. Company Profile
Umpqua Holdings Corporation is a financial 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.
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