Systematic Financial Management LP Has $11,444,000 Stake in Umpqua Holdings Corporation (UMPQ)
Systematic Financial Management LP increased its stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 67.7% during the fourth quarter, Holdings Channel reports. The firm owned 609,365 shares of the company’s stock after buying an additional 246,096 shares during the period. Systematic Financial Management LP’s holdings in Umpqua Holdings Corporation were worth $11,444,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC raised its position in shares of Umpqua Holdings Corporation by 136.4% in the third quarter. Acrospire Investment Management LLC now owns 7,772 shares of the company’s stock valued at $117,000 after buying an additional 4,485 shares during the period. Creative Planning increased its stake in Umpqua Holdings Corporation by 15.5% in the third quarter. Creative Planning now owns 9,609 shares of the company’s stock valued at $145,000 after buying an additional 1,291 shares in the last quarter. Bbva Compass Bancshares Inc. acquired a new stake in Umpqua Holdings Corporation during the second quarter valued at $188,000. Campbell & CO Investment Adviser LLC acquired a new stake in Umpqua Holdings Corporation during the third quarter valued at $201,000. Finally, LS Investment Advisors LLC increased its stake in Umpqua Holdings Corporation by 7.1% in the third quarter. LS Investment Advisors LLC now owns 14,135 shares of the company’s stock valued at $213,000 after buying an additional 940 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded down 0.37% during mid-day trading on Friday, reaching $18.92. 337,626 shares of the company’s stock traded hands. Umpqua Holdings Corporation has a 12-month low of $14.42 and a 12-month high of $19.30. The stock has a market capitalization of $4.17 billion, a PE ratio of 18.02 and a beta of 1.07. The stock has a 50-day moving average price of $18.55 and a 200-day moving average price of $16.92.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corporation had a net margin of 19.24% and a return on equity of 6.74%. During the same quarter in the prior year, the company earned $0.29 EPS. Equities research analysts expect that Umpqua Holdings Corporation will post $1.11 EPS for the current year.
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Separately, 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 research note on Tuesday, December 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.36.
About Umpqua Holdings Corporation
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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