ClariVest Asset Management LLC reduced its position in Umpqua Holdings Corp (NASDAQ:UMPQ) by 60.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,900 shares of the bank’s stock after selling 76,200 shares during the quarter. ClariVest Asset Management LLC’s holdings in Umpqua were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of UMPQ. Norges Bank purchased a new position in shares of Umpqua in the 4th quarter worth $39,841,000. Atlanta Capital Management Co. L L C raised its position in shares of Umpqua by 18.5% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock worth $196,776,000 after buying an additional 1,927,944 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Umpqua by 24.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,997,449 shares of the bank’s stock worth $131,960,000 after buying an additional 1,574,349 shares during the period. Oregon Public Employees Retirement Fund raised its position in Umpqua by 1,490.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,371,455 shares of the bank’s stock valued at $86,000 after purchasing an additional 1,285,200 shares during the period. Finally, Boston Partners purchased a new position in Umpqua in the fourth quarter valued at about $17,850,000. 87.57% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:UMPQ opened at $16.48 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.99 and a current ratio of 1.00. Umpqua Holdings Corp has a 12 month low of $15.09 and a 12 month high of $24.32. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.18 and a beta of 1.09.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The business had revenue of $283.43 million for the quarter, compared to analyst estimates of $301.29 million. Umpqua had a net margin of 23.20% and a return on equity of 7.91%. During the same quarter in the prior year, the business earned $0.35 earnings per share. Equities research analysts anticipate that Umpqua Holdings Corp will post 1.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.84 annualized dividend and a dividend yield of 5.10%. Umpqua’s dividend payout ratio is presently 57.53%.
UMPQ has been the topic of several research reports. BidaskClub lowered Umpqua from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Zacks Investment Research lowered Umpqua from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Stephens reissued a “hold” rating and issued a $21.00 price objective on shares of Umpqua in a research report on Monday, April 22nd. Finally, DA Davidson reissued a “buy” rating on shares of Umpqua in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Umpqua presently has a consensus rating of “Hold” and an average price target of $22.44.
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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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