Umpqua Holdings Corporation (UMPQ) Shares Bought by Systematic Financial Management LP
Systematic Financial Management LP raised its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 637,427 shares of the bank’s stock after purchasing an additional 2,913 shares during the period. Systematic Financial Management LP owned 0.29% of Umpqua Holdings Corporation worth $12,436,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Umpqua Holdings Corporation by 1.1% during the second quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock worth $348,335,000 after purchasing an additional 205,163 shares during the last quarter. Capital World Investors grew its stake in Umpqua Holdings Corporation by 6.6% during the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock worth $280,418,000 after buying an additional 944,594 shares during the period. Atlanta Capital Management Co. L L C grew its stake in Umpqua Holdings Corporation by 12.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock worth $197,288,000 after buying an additional 1,219,722 shares during the period. Bank of New York Mellon Corp grew its stake in Umpqua Holdings Corporation by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock worth $112,464,000 after buying an additional 207,304 shares during the period. Finally, Macquarie Group Ltd. grew its stake in Umpqua Holdings Corporation by 0.7% during the third quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock worth $106,980,000 after buying an additional 38,047 shares during the period. 87.79% of the stock is owned by hedge funds and other institutional investors.
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UMPQ has been the subject of several research reports. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. SunTrust Banks, Inc. initiated coverage on shares of Umpqua Holdings Corporation in a research note on Friday, August 18th. They set a “buy” rating and a $20.00 price objective for the company. Barclays PLC boosted their price objective on shares of Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Umpqua Holdings Corporation currently has a consensus rating of “Hold” and a consensus price target of $20.06.
Shares of Umpqua Holdings Corporation (UMPQ) traded down $0.20 during mid-day trading on Thursday, hitting $20.70. 927,100 shares of the stock traded hands, compared to its average volume of 1,500,164. The stock has a market capitalization of $4,602.84, a P/E ratio of 20.10, a PEG ratio of 2.37 and a beta of 1.12. 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 Holdings Corporation has a fifty-two week low of $16.65 and a fifty-two week high of $20.99.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced 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 firm had revenue of $295.87 million during 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 last year, the company posted $0.28 earnings per share. research analysts forecast that Umpqua Holdings Corporation will post 1.04 EPS for the current fiscal year.
In other Umpqua Holdings Corporation news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction on Thursday, October 26th. The shares were 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 SEC, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.
Umpqua Holdings Corporation 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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