Los Angeles Capital Management & Equity Research Inc. cut its stake in shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) by 6.3% during the second quarter, Holdings Channel reports. The fund owned 60,620 shares of the company’s stock after selling 4,110 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Umpqua Holdings Corp. were worth $938,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ngam Advisors L.P. increased its position in Umpqua Holdings Corp. by 0.3% in the second quarter. Ngam Advisors L.P. now owns 32,541 shares of the company’s stock valued at $503,000 after buying an additional 105 shares during the last quarter. Naples Global Advisors LLC increased its position in Umpqua Holdings Corp. by 0.6% in the second quarter. Naples Global Advisors LLC now owns 21,380 shares of the company’s stock valued at $331,000 after buying an additional 125 shares during the last quarter. Calvert Investment Management Inc. increased its position in Umpqua Holdings Corp. by 0.9% in the second quarter. Calvert Investment Management Inc. now owns 17,694 shares of the company’s stock valued at $274,000 after buying an additional 156 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Umpqua Holdings Corp. by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 41,356 shares of the company’s stock valued at $640,000 after buying an additional 320 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in Umpqua Holdings Corp. by 0.6% in the second quarter. Suntrust Banks Inc. now owns 67,872 shares of the company’s stock valued at $1,049,000 after buying an additional 410 shares during the last quarter. 91.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) traded down 1.83% on Friday, hitting $15.03. The company’s stock had a trading volume of 3,888,689 shares. The stock has a market capitalization of $3.31 billion, a P/E ratio of 14.90 and a beta of 1.27. Umpqua Holdings Corp. has a 52 week low of $13.46 and a 52 week high of $18.05. The stock’s 50 day moving average price is $15.76 and its 200 day moving average price is $15.69.

Umpqua Holdings Corp. (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ 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 period in the prior year, the firm earned $0.31 EPS. On average, analysts forecast that Umpqua Holdings Corp. will post $1.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio (DPR) is presently 62.75%.

Several equities analysts have weighed in on UMPQ shares. Zacks Investment Research raised Umpqua Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $13.50 price objective on shares of Umpqua Holdings Corp. in a research report on Friday, June 17th. Citigroup Inc. downgraded Umpqua Holdings Corp. to an “outperform” rating in a research report on Thursday, July 7th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Umpqua Holdings Corp. in a research report on Thursday, July 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Umpqua Holdings Corp. from $16.50 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. One 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 company’s stock. Umpqua Holdings Corp. currently has a consensus rating of “Hold” and an average target price 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.

5 Day Chart for NASDAQ:UMPQ

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