Abbrea Capital LLC increased its stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 20.7% during the second quarter, Holdings Channel reports. The institutional investor owned 21,193 shares of the bank’s stock after buying an additional 3,628 shares during the period. Abbrea Capital LLC’s holdings in Umpqua Holdings Corporation were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position 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 valued at $432,921,000 after buying an additional 24,267,359 shares in the last quarter. Vanguard Group Inc. increased its position 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 valued at $332,934,000 after buying an additional 903,885 shares in the last quarter. State Street Corp increased its position 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 valued at $235,592,000 after buying an additional 1,294,031 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $104,990,000 after buying an additional 1,326,488 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position 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 valued at $86,062,000 after buying an additional 369,514 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 17.30 on Friday. Umpqua Holdings Corporation has a 52 week low of $14.78 and a 52 week high of $19.50. The stock has a market capitalization of $3.81 billion, a PE ratio of 16.32 and a beta of 1.11. The stock’s 50 day moving average is $18.47 and its 200 day moving average is $18.09.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. The business had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. During the same quarter last year, the company earned $0.25 EPS. Analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

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

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Several analysts have commented on UMPQ shares. ValuEngine cut shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods set a $20.00 target price on shares of Umpqua Holdings Corporation and gave the stock a “hold” rating in a research note on Thursday, June 8th. BidaskClub raised shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research note 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 target price for the company in a research note on Tuesday, July 25th. Finally, Stephens reaffirmed a “hold” rating on shares of Umpqua Holdings Corporation in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Umpqua Holdings Corporation presently has an average rating of “Hold” and an average price target of $19.86.

Umpqua Holdings Corporation Company Profile

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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