Foundry Partners LLC raised its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 546,816 shares of the bank’s stock after buying an additional 11,279 shares during the period. Foundry Partners LLC’s holdings in Umpqua Holdings Corporation were worth $10,040,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after buying an additional 24,267,359 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Umpqua Holdings Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 18,767,385 shares of the bank’s stock worth $332,934,000 after buying an additional 903,885 shares during the last quarter. State Street Corp increased its stake in shares of Umpqua Holdings Corporation by 10.8% in the first quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock worth $235,592,000 after buying an additional 1,294,031 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Umpqua Holdings Corporation by 28.9% in the first quarter. Bank of New York Mellon Corp now owns 5,918,274 shares of the bank’s stock worth $104,990,000 after buying an additional 1,326,488 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Umpqua Holdings Corporation by 8.2% in the first quarter. Macquarie Group Ltd. now owns 4,851,305 shares of the bank’s stock worth $86,062,000 after buying an additional 369,514 shares during the last quarter. 87.64% of the stock is owned by institutional investors.

Shares of Umpqua Holdings Corporation (UMPQ) opened at 17.30 on Friday. The firm has a market cap of $3.81 billion, a P/E ratio of 16.32 and a beta of 1.11. Umpqua Holdings Corporation has a 12-month low of $14.78 and a 12-month high of $19.50. The firm’s 50-day moving average price is $18.47 and its 200 day moving average price is $18.09.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The firm had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter in the prior year, the business earned $0.25 EPS. On average, equities analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.70%. The ex-dividend date was Wednesday, June 28th. Umpqua Holdings Corporation’s dividend payout ratio is 60.38%.

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A number of equities research analysts have weighed in on UMPQ shares. ValuEngine downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Thursday, June 8th. BidaskClub raised shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, July 25th. Finally, Stephens reissued a “hold” rating on shares of Umpqua Holdings Corporation in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.86.

About Umpqua Holdings Corporation

Umpqua Holdings Corporation is a bank 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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Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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