PNC Financial Services Group Inc. increased its position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 31.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,187 shares of the bank’s stock after purchasing an additional 11,335 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Umpqua were worth $1,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UMPQ. Smithfield Trust Co. bought a new position in Umpqua during the second quarter worth $128,000. ARP Americas LP bought a new stake in Umpqua in the second quarter valued at $203,000. Stifel Financial Corp bought a new stake in Umpqua in the first quarter valued at $216,000. First Allied Advisory Services Inc. bought a new stake in Umpqua in the second quarter valued at $222,000. Finally, GAM Holding AG bought a new stake in Umpqua in the second quarter valued at $223,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Shares of NASDAQ UMPQ opened at $21.82 on Thursday. Umpqua Holdings Corp has a fifty-two week low of $18.59 and a fifty-two week high of $24.89. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.75 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.70 and a beta of 0.95.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Umpqua had a net margin of 22.53% and a return on equity of 7.11%. The company had revenue of $298.95 million for the quarter, compared to the consensus estimate of $304.67 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. analysts predict that Umpqua Holdings Corp will post 1.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.21 per share. This is a boost from Umpqua’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 27th. Umpqua’s payout ratio is currently 74.77%.

A number of equities research analysts have issued reports on UMPQ shares. ValuEngine cut Umpqua from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. BidaskClub upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded Umpqua from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, June 20th. Barclays cut their target price on Umpqua from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 20th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $25.00 target price on shares of Umpqua in a research note on Friday, July 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.25.

Umpqua Company Profile

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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