Neuberger Berman Group LLC Raises Position in Umpqua Holdings Corporation (UMPQ)
Neuberger Berman Group LLC increased its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,489,729 shares of the bank’s stock after purchasing an additional 4,206 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.58% of Umpqua worth $68,085,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of UMPQ. Ffcm LLC lifted its holdings in shares of Umpqua by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,657 shares during the period. Zions Bancorporation bought a new position in shares of Umpqua during the third quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Umpqua by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after acquiring an additional 632 shares during the period. HighTower Advisors LLC bought a new position in shares of Umpqua during the second quarter valued at $203,000. Finally, Raymond James Trust N.A. bought a new position in shares of Umpqua during the second quarter valued at $206,000. 88.26% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at $21.07 on Monday. Umpqua Holdings Corporation has a 12 month low of $16.65 and a 12 month high of $22.86. The firm has a market capitalization of $4,640.29, a price-to-earnings ratio of 20.26, a PEG ratio of 2.40 and a beta of 1.13. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The business had revenue of $295.87 million during the quarter, compared to analyst estimates of $297.51 million. During the same quarter last year, the business posted $0.28 earnings per share. sell-side analysts predict that Umpqua Holdings Corporation will post 1.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.42%. Umpqua’s dividend payout ratio (DPR) is presently 67.93%.
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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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