William Blair Investment Management LLC decreased its position in shares of Umpqua Holdings Co. (NASDAQ:UMPQ) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,124,188 shares of the bank’s stock after selling 15,728 shares during the period. William Blair Investment Management LLC owned about 0.51% of Umpqua worth $23,383,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in Umpqua by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 627,728 shares of the bank’s stock worth $12,247,000 after acquiring an additional 42,945 shares in the last quarter. Swiss National Bank increased its holdings in Umpqua by 2.0% during the 4th quarter. Swiss National Bank now owns 375,125 shares of the bank’s stock worth $7,803,000 after purchasing an additional 7,500 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Umpqua by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,657,540 shares of the bank’s stock worth $32,339,000 after purchasing an additional 91,242 shares during the period. TCW Group Inc. increased its holdings in Umpqua by 7.7% during the 4th quarter. TCW Group Inc. now owns 130,775 shares of the bank’s stock worth $2,720,000 after purchasing an additional 9,386 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Umpqua during the 4th quarter worth about $914,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
UMPQ has been the topic of several recent research reports. SunTrust Banks restated a “buy” rating and set a $24.00 price target on shares of Umpqua in a report on Wednesday, November 29th. Zacks Investment Research downgraded Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays upped their price target on Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Wedbush upgraded Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.20.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The business had revenue of $292.60 million for the quarter, compared to the consensus estimate of $293.80 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. sell-side analysts forecast that Umpqua Holdings Co. will post 1.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, March 29th. This is an increase from Umpqua’s previous quarterly dividend of $0.18. Umpqua’s dividend payout ratio (DPR) is currently 63.72%.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the transaction, the chief financial officer now owns 188,809 shares in the company, valued at approximately $4,049,953.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.
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Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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