Trillium Asset Management LLC boosted its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 487,870 shares of the bank’s stock after buying an additional 15,732 shares during the period. Trillium Asset Management LLC’s holdings in Umpqua Holdings Corporation were worth $8,957,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tyers Asset Management LLC raised its stake in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock worth $118,000 after buying an additional 1,424 shares during the last quarter. Huntington National Bank raised 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 buying an additional 1,685 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock worth $139,000 after buying an additional 1,500 shares during the last quarter. Elkfork Partners LLC raised its stake in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock worth $162,000 after buying an additional 1,958 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Umpqua Holdings Corporation by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock worth $179,000 after buying an additional 280 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Umpqua Holdings Corporation (UMPQ) opened at 17.69 on Tuesday. The firm has a market cap of $3.90 billion, a P/E ratio of 16.69 and a beta of 1.11. Umpqua Holdings Corporation has a 1-year low of $14.77 and a 1-year high of $19.50. The firm’s 50-day moving average price is $18.46 and its 200-day moving average price is $18.08.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts anticipate that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.62%. 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 a number of research analyst reports. Zacks Investment Research raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 25th. Stephens reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 target price on Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Thursday, June 8th. ValuEngine lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One equities 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 issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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