Delta Investment Management LLC increased its stake in Umpqua Holdings Corp (NASDAQ:UMPQ) by 19.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,579 shares of the bank’s stock after purchasing an additional 3,057 shares during the period. Delta Investment Management LLC’s holdings in Umpqua were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AGF Investments LLC increased its holdings in shares of Umpqua by 456.0% during the second quarter. AGF Investments LLC now owns 2,602 shares of the bank’s stock worth $43,000 after purchasing an additional 2,134 shares during the period. Parallel Advisors LLC grew its stake in Umpqua by 37.0% in the 3rd quarter. Parallel Advisors LLC now owns 3,297 shares of the bank’s stock worth $54,000 after buying an additional 891 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in Umpqua in the 2nd quarter worth approximately $87,000. CWM LLC boosted its stake in shares of Umpqua by 3,046.5% in 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 in the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in shares of Umpqua in the 3rd quarter valued at $155,000. 86.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Umpqua stock opened at $16.74 on Friday. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.01. Umpqua Holdings Corp has a 52-week low of $15.06 and a 52-week high of $20.01. The company has a fifty day moving average of $16.18 and a 200-day moving average of $16.47.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $317.49 million during the quarter, compared to analyst estimates of $302.20 million. Umpqua had a net margin of 24.20% and a return on equity of 8.41%. During the same period last year, the business earned $0.41 EPS. On average, equities research analysts forecast that Umpqua Holdings Corp will post 1.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 5.02%. Umpqua’s dividend payout ratio is currently 57.53%.
A number of brokerages have recently issued reports on UMPQ. SunTrust Banks cut their price objective on shares of Umpqua from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Stephens set a $16.00 price objective on shares of Umpqua and gave the company a “hold” rating in a research note on Friday, October 18th. ValuEngine raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.67.
In other Umpqua news, EVP Torran B. Nixon sold 5,303 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $15.31, for a total transaction of $81,188.93. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by company insiders.
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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