MHI Funds LLC lessened its stake in Umpqua Holdings Corp (NASDAQ:UMPQ) by 18.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,152 shares of the bank’s stock after selling 8,133 shares during the quarter. MHI Funds LLC’s holdings in Umpqua were worth $580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc increased its holdings in Umpqua by 17.5% in the third quarter. Standard Life Aberdeen plc now owns 775,118 shares of the bank’s stock valued at $16,134,000 after purchasing an additional 115,293 shares during the last quarter. FCA Corp TX bought a new stake in Umpqua in the fourth quarter valued at about $127,000. Retirement Systems of Alabama increased its holdings in Umpqua by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 285,555 shares of the bank’s stock valued at $4,540,000 after purchasing an additional 983 shares during the last quarter. Cipher Capital LP bought a new stake in Umpqua in the fourth quarter valued at about $463,000. Finally, BancorpSouth Bank bought a new stake in Umpqua in the fourth quarter valued at about $1,604,000. Institutional investors and hedge funds own 88.97% of the company’s stock.

In other Umpqua news, CFO Ron L. Farnsworth sold 9,500 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $17.62, for a total value of $167,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.

UMPQ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Umpqua from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. BidaskClub upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stephens reiterated a “hold” rating and issued a $21.00 price objective on shares of Umpqua in a report on Monday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Umpqua has an average rating of “Hold” and an average price target of $23.00.

Shares of Umpqua stock traded down $0.37 during trading hours on Monday, hitting $16.73. The company’s stock had a trading volume of 2,328,100 shares, compared to its average volume of 1,941,020. Umpqua Holdings Corp has a 12 month low of $15.09 and a 12 month high of $24.89. The company has a market capitalization of $3.77 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.98.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). Umpqua had a return on equity of 7.91% and a net margin of 23.20%. The business had revenue of $283.43 million during the quarter, compared to the consensus estimate of $301.29 million. During the same quarter last year, the company earned $0.35 earnings per share. On average, equities analysts anticipate that Umpqua Holdings Corp will post 1.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 5.02%. Umpqua’s dividend payout ratio (DPR) is currently 57.53%.

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Umpqua Company Profile

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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: Price to Earnings Ratio (PE), For Valuing Stocks

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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