Teacher Retirement System of Texas raised its holdings in Umpqua Holdings Corp (NASDAQ:UMPQ) by 314.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 75,380 shares of the bank’s stock after purchasing an additional 57,202 shares during the quarter. Teacher Retirement System of Texas’ holdings in Umpqua were worth $1,568,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Zions Bancorporation bought a new stake in shares of Umpqua during the 3rd quarter worth approximately $121,000. Calton & Associates Inc. bought a new stake in shares of Umpqua during the 4th quarter worth approximately $195,000. Fox Run Management L.L.C. bought a new stake in shares of Umpqua during the 4th quarter worth approximately $256,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Umpqua by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,468 shares of the bank’s stock worth $259,000 after acquiring an additional 3,792 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Umpqua during the 3rd quarter worth approximately $295,000. 88.96% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on UMPQ shares. SunTrust Banks reaffirmed a “buy” rating and set a $23.00 price target on shares of Umpqua in a report on Monday, November 6th. Keefe, Bruyette & Woods raised shares of Umpqua from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Barclays upped their price target on shares of Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Umpqua has an average rating of “Hold” and a consensus price target of $21.80.
Umpqua Holdings Corp (NASDAQ:UMPQ) opened at $21.97 on Tuesday. The stock has a market cap of $4,845.25, a P/E ratio of 19.44, a P/E/G ratio of 1.90 and a beta of 1.10. Umpqua Holdings Corp has a 12-month low of $16.65 and a 12-month high of $22.89. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. The business had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $293.80 million. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. analysts anticipate that Umpqua Holdings Corp will post 1.36 earnings per share for the current year.
Umpqua Holdings Corporation is a bank 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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