Umpqua Holdings Corporation (UMPQ) Shares Bought by Cooke & Bieler LP
Cooke & Bieler LP boosted its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,315,550 shares of the bank’s stock after buying an additional 18,090 shares during the quarter. Cooke & Bieler LP’s holdings in Umpqua were worth $27,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in Umpqua in the 2nd quarter valued at $203,000. California Public Employees Retirement System increased its holdings in Umpqua by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 627,728 shares of the bank’s stock valued at $12,247,000 after buying an additional 42,945 shares during the period. FMR LLC increased its holdings in Umpqua by 23.8% in the 2nd quarter. FMR LLC now owns 684,900 shares of the bank’s stock valued at $12,575,000 after buying an additional 131,600 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Umpqua by 5.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,657,540 shares of the bank’s stock valued at $32,339,000 after buying an additional 91,242 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Umpqua in the 3rd quarter valued at $780,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $21.45, for a total transaction of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.
Umpqua (NASDAQ:UMPQ) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The business had revenue of $292.60 million for the quarter, compared to analyst estimates of $293.80 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. research analysts expect that Umpqua Holdings Corporation will post 1.36 earnings per share for the current year.
The business also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s dividend payout ratio is currently 63.72%.
Several equities research analysts have issued reports on UMPQ shares. BidaskClub lowered shares of Umpqua from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks reissued a “buy” rating and issued a $24.00 price target on shares of Umpqua in a report on Wednesday, November 29th. Barclays boosted their price target on shares of Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.80.
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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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