Metropolitan Life Insurance Co. NY Has $6.20 Million Stake in Umpqua Holdings Corporation (UMPQ)
Metropolitan Life Insurance Co. NY decreased its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 349,251 shares of the bank’s stock after selling 2,748 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Umpqua Holdings Corporation were worth $6,196,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake 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 worth $432,921,000 after buying an additional 24,267,359 shares during the last quarter. Vanguard Group Inc. increased its stake 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 worth $332,934,000 after buying an additional 903,885 shares during the last quarter. State Street Corp increased its stake 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 worth $235,592,000 after buying an additional 1,294,031 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $104,990,000 after buying an additional 1,326,488 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Umpqua Holdings Corporation by 36.7% in the fourth quarter. Macquarie Group Ltd. now owns 4,481,791 shares of the bank’s stock worth $84,168,000 after buying an additional 1,203,172 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up 0.72% on Monday, reaching $18.15. 204,361 shares of the company’s stock traded hands. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. Umpqua Holdings Corporation has a 52 week low of $14.61 and a 52 week high of $19.50. The firm has a 50-day moving average price of $17.80 and a 200-day moving average price of $18.17.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, April 19th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.05. The company had revenue of $266.95 million during the quarter, compared to analysts’ expectations of $279.30 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 6.25%. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts predict that Umpqua Holdings Corporation will post $1.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is presently 60.95%.
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UMPQ has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Thursday, June 8th. Hovde Group initiated coverage on shares of Umpqua Holdings Corporation in a report on Monday, March 6th. They set a “market perform” rating and a $20.00 price target on the stock. BidaskClub raised shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Finally, ValuEngine downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus target price of $19.17.
In other news, CFO Ron L. Farnsworth sold 8,365 shares of Umpqua Holdings Corporation stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $17.93, for a total value of $149,984.45. Following the completion of the transaction, the chief financial officer now owns 190,355 shares in the company, valued at approximately $3,413,065.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.
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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