Umpqua Holdings Corporation (UMPQ) is IMS Capital Management’s 2nd Largest Position
IMS Capital Management boosted its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 127,372 shares of the bank’s stock after buying an additional 2,603 shares during the period. Umpqua Holdings Corporation makes up about 2.2% of IMS Capital Management’s holdings, making the stock its 2nd largest position. IMS Capital Management’s holdings in Umpqua Holdings Corporation were worth $2,339,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of UMPQ. Ngam Advisors L.P. increased its stake in Umpqua Holdings Corporation by 0.7% in the first quarter. Ngam Advisors L.P. now owns 21,280 shares of the bank’s stock valued at $378,000 after buying an additional 155 shares during the period. S. R. Schill & Associates increased its stake in Umpqua Holdings Corporation by 0.4% in the first quarter. S. R. Schill & Associates now owns 37,129 shares of the bank’s stock valued at $659,000 after buying an additional 159 shares during the period. World Asset Management Inc increased its stake in Umpqua Holdings Corporation by 1.5% in the first quarter. World Asset Management Inc now owns 13,658 shares of the bank’s stock valued at $242,000 after buying an additional 201 shares during the period. Capstone Asset Management Co. increased its stake in Umpqua Holdings Corporation by 1.3% in the first quarter. Capstone Asset Management Co. now owns 18,532 shares of the bank’s stock valued at $329,000 after buying an additional 230 shares during the period. Finally, Suntrust Banks Inc. increased its stake in Umpqua Holdings Corporation by 0.9% in the first quarter. Suntrust Banks Inc. now owns 28,880 shares of the bank’s stock valued at $511,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.
Umpqua Holdings Corporation (UMPQ) opened at 17.57 on Wednesday. The firm has a market cap of $3.87 billion, a PE ratio of 16.58 and a beta of 1.11. Umpqua Holdings Corporation has a 52-week low of $14.77 and a 52-week high of $19.50. The company’s 50 day moving average price is $18.45 and its 200 day moving average price is $18.08.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. The business had revenue of $283.20 million for the quarter, compared to the consensus estimate of $285.71 million. During the same quarter in the previous year, the business posted $0.25 EPS. Analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is currently 60.38%.
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UMPQ has been the subject of several recent analyst reports. BidaskClub downgraded Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Wedbush initiated coverage on Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, July 10th. Stephens reiterated a “hold” rating and set a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, ValuEngine downgraded Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.86.
About Umpqua Holdings Corporation
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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