Umpqua Holdings Corp. (UMPQ) Position Decreased by BlackRock Advisors LLC
BlackRock Advisors LLC cut its stake in shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) by 26.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,696 shares of the company’s stock after selling 137,289 shares during the period. BlackRock Advisors LLC owned approximately 0.18% of Umpqua Holdings Corp. worth $6,013,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in UMPQ. Vanguard Group Inc. raised its position in Umpqua Holdings Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 16,537,953 shares of the company’s stock valued at $255,842,000 after buying an additional 798,146 shares in the last quarter. Sii Investments Inc. WI raised its position in Umpqua Holdings Corp. by 8.4% in the second quarter. Sii Investments Inc. WI now owns 26,487 shares of the company’s stock valued at $412,000 after buying an additional 2,048 shares in the last quarter. Principal Financial Group Inc. raised its position in Umpqua Holdings Corp. by 9.0% in the second quarter. Principal Financial Group Inc. now owns 1,547,977 shares of the company’s stock valued at $23,947,000 after buying an additional 127,705 shares in the last quarter. Prudential Financial Inc. raised its position in Umpqua Holdings Corp. by 31.8% in the second quarter. Prudential Financial Inc. now owns 1,025,569 shares of the company’s stock valued at $15,866,000 after buying an additional 247,520 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Umpqua Holdings Corp. by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,346,756 shares of the company’s stock valued at $144,590,000 after buying an additional 199,763 shares in the last quarter. 91.73% of the stock is owned by institutional investors.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 15.24 on Friday. The firm’s 50 day moving average price is $15.47 and its 200 day moving average price is $15.58. Umpqua Holdings Corp. has a 52-week low of $13.46 and a 52-week high of $18.05. The stock has a market cap of $3.36 billion, a P/E ratio of 15.10 and a beta of 1.28.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a net margin of 18.90% and a return on equity of 6.77%. During the same quarter last year, the business earned $0.31 earnings per share. On average, analysts expect that Umpqua Holdings Corp. will post $1.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 4.20%. Umpqua Holdings Corp.’s payout ratio is 62.75%.
Several research firms have recently issued reports on UMPQ. Zacks Investment Research raised Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th. Raymond James Financial Inc. raised Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Thursday, August 25th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of Umpqua Holdings Corp. in a report on Tuesday, August 23rd. Wells Fargo & Co. downgraded Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 11th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Umpqua Holdings Corp. in a research note on Saturday, July 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.69.
Umpqua Holdings Corp. Company Profile
Umpqua Holdings Corporation is a financial 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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