Bank of America Corp DE decreased its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,758,894 shares of the bank’s stock after selling 67,292 shares during the quarter. Bank of America Corp DE owned about 0.80% of Umpqua worth $39,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of UMPQ. Robeco Institutional Asset Management B.V. acquired a new position in Umpqua in the 2nd quarter worth $10,212,000. Cooke & Bieler LP lifted its holdings in Umpqua by 4.4% in the 1st quarter. Cooke & Bieler LP now owns 1,373,180 shares of the bank’s stock worth $29,400,000 after buying an additional 57,630 shares in the last quarter. Royal Bank of Canada lifted its holdings in Umpqua by 0.9% in the 1st quarter. Royal Bank of Canada now owns 524,574 shares of the bank’s stock worth $11,231,000 after buying an additional 4,929 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in Umpqua in the 2nd quarter worth $222,000. Finally, ARP Americas LP acquired a new position in Umpqua in the 2nd quarter worth $203,000. Institutional investors and hedge funds own 88.53% of the company’s stock.

UMPQ has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, June 20th. BidaskClub lowered shares of Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Sandler O’Neill reiterated a “buy” rating and issued a $25.00 price objective on shares of Umpqua in a report on Friday, July 20th. Finally, ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.25.

Shares of Umpqua stock opened at $21.46 on Wednesday. The stock has a market capitalization of $4.83 billion, a PE ratio of 20.06, a P/E/G ratio of 1.73 and a beta of 0.95. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Umpqua Holdings Corp has a 1 year low of $19.05 and a 1 year high of $24.89.

Umpqua (NASDAQ:UMPQ) last issued its earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The company had revenue of $298.95 million during the quarter, compared to analyst estimates of $304.67 million. Umpqua had a net margin of 22.53% and a return on equity of 7.11%. During the same quarter last year, the company posted $0.26 EPS. sell-side analysts forecast that Umpqua Holdings Corp will post 1.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, September 27th. This is a positive change from Umpqua’s previous quarterly dividend of $0.20. Umpqua’s dividend payout ratio is 74.77%.

About Umpqua

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.

Further Reading: Short Selling

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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