Trillium Asset Management LLC decreased its position in Umpqua Holdings Corp. (NASDAQ:UMPQ) by 24.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,053 shares of the company’s stock after selling 159,644 shares during the period. Trillium Asset Management LLC’s holdings in Umpqua Holdings Corp. were worth $7,612,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Creative Planning increased its stake in shares of Umpqua Holdings Corp. by 16.9% in the second quarter. Creative Planning now owns 8,318 shares of the company’s stock worth $129,000 after buying an additional 1,200 shares in the last quarter. 1st Global Advisors Inc. increased its stake in shares of Umpqua Holdings Corp. by 4.1% in the second quarter. 1st Global Advisors Inc. now owns 10,633 shares of the company’s stock worth $164,000 after buying an additional 423 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Umpqua Holdings Corp. by 6.6% in the second quarter. Raymond James Trust N.A. now owns 12,089 shares of the company’s stock worth $187,000 after buying an additional 753 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Umpqua Holdings Corp. by 72.2% in the second quarter. LS Investment Advisors LLC now owns 13,195 shares of the company’s stock worth $204,000 after buying an additional 5,534 shares in the last quarter. Finally, LaSalle Street Capital Management LLC acquired a new stake in shares of Umpqua Holdings Corp. during the second quarter worth $205,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) traded up 2.26% on Wednesday, reaching $15.41. The company had a trading volume of 1,466,597 shares. The company’s 50-day moving average is $15.60 and its 200-day moving average is $15.61. Umpqua Holdings Corp. has a one year low of $13.46 and a one year high of $18.05. The company has a market capitalization of $3.39 billion, a PE ratio of 15.27 and a beta of 1.28.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a net margin of 18.90% and a return on equity of 6.77%. During the same period in the previous year, the company earned $0.31 EPS. Equities research analysts predict that Umpqua Holdings Corp. will post $1.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 4.15%. Umpqua Holdings Corp.’s payout ratio is currently 62.75%.
A number of equities research analysts have weighed in on UMPQ shares. Zacks Investment Research raised Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th. Raymond James Financial Inc. raised Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Thursday, August 25th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of Umpqua Holdings Corp. in a report on Tuesday, August 23rd. Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $13.50 target price on shares of Umpqua Holdings Corp. in a report on Friday, June 17th. Finally, Wells Fargo & Co. downgraded Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Umpqua Holdings Corp. currently has an average rating of “Hold” and an average price target of $17.69.
About Umpqua Holdings Corp.
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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