TRUE Private Wealth Advisors bought a new position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,200 shares of the bank’s stock, valued at approximately $87,000.
Several other large investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Umpqua by 2.9% during the first quarter. BlackRock Inc. now owns 20,429,165 shares of the bank’s stock worth $337,080,000 after purchasing an additional 570,822 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Umpqua by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock worth $102,129,000 after acquiring an additional 426,501 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Umpqua by 0.4% in the 2nd quarter. Fisher Asset Management LLC now owns 3,339,400 shares of the bank’s stock worth $55,401,000 after acquiring an additional 12,831 shares during the period. Raymond James & Associates increased its holdings in shares of Umpqua by 14.2% in the 1st quarter. Raymond James & Associates now owns 2,893,532 shares of the bank’s stock worth $47,743,000 after acquiring an additional 360,813 shares during the period. Finally, Hamlin Capital Management LLC increased its holdings in shares of Umpqua by 2.3% in the 2nd quarter. Hamlin Capital Management LLC now owns 2,817,932 shares of the bank’s stock worth $46,749,000 after acquiring an additional 64,325 shares during the period. 86.89% of the stock is currently owned by institutional investors.
In other Umpqua news, EVP David F. Shotwell sold 7,220 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $16.73, for a total value of $120,790.60. Following the completion of the transaction, the executive vice president now directly owns 74,530 shares in the company, valued at $1,246,886.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Luis Machuca sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $16.77, for a total transaction of $167,700.00. Following the completion of the transaction, the director now owns 7,954 shares of the company’s stock, valued at $133,388.58. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.
A number of research firms recently weighed in on UMPQ. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Friday, July 19th. BidaskClub raised shares of Umpqua from a “strong sell” rating to a “sell” rating in a report on Saturday, June 29th. DA Davidson reaffirmed a “buy” rating on shares of Umpqua in a report on Thursday, April 18th. Stephens reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Umpqua in a report on Thursday, July 18th. Finally, Raymond James set a $18.00 price objective on shares of Umpqua and gave the stock a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.20.
UMPQ traded up $0.32 on Friday, reaching $15.60. The company had a trading volume of 44,741 shares, compared to its average volume of 1,596,633. The company has a fifty day moving average of $16.71 and a 200-day moving average of $17.07. The company has a market capitalization of $3.55 billion, a P/E ratio of 10.68, a PEG ratio of 1.12 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28. Umpqua Holdings Corp has a one year low of $15.09 and a one year high of $22.26.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 17th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. Umpqua had a net margin of 25.09% and a return on equity of 8.71%. The firm had revenue of $348.99 million during the quarter, compared to analyst estimates of $300.90 million. During the same quarter in the prior year, the firm posted $0.31 EPS. Research analysts predict that Umpqua Holdings Corp will post 1.6 EPS for the current year.
Umpqua Company Profile
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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