Public Employees Retirement System of Ohio Purchases 820 Shares of Umpqua Holdings Corporation (UMPQ)
Public Employees Retirement System of Ohio grew its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,001 shares of the bank’s stock after purchasing an additional 820 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Umpqua Holdings Corporation worth $2,295,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in UMPQ. Ffcm LLC boosted its stake in shares of Umpqua Holdings Corporation by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,657 shares in the last quarter. Huntington National Bank lifted its stake in shares of Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after acquiring an additional 1,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after acquiring an additional 632 shares during the period. HighTower Advisors LLC acquired a new position in shares of Umpqua Holdings Corporation in the second quarter worth approximately $203,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Umpqua Holdings Corporation in the second quarter worth approximately $206,000. 87.80% of the stock is currently owned by hedge funds and other institutional investors.
UMPQ has been the topic of a number of recent analyst reports. BidaskClub lowered Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Stephens reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, July 10th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. Finally, ValuEngine raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.72.
In related news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter in the prior year, the company earned $0.28 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 3.49%. Umpqua Holdings Corporation’s dividend payout ratio is currently 67.93%.
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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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