State Street Corp lowered its stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,886,822 shares of the bank’s stock after selling 393,245 shares during the quarter. State Street Corp owned about 5.85% of Umpqua Holdings Corporation worth $236,605,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its position in shares of Umpqua Holdings Corporation by 24.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 155,885 shares of the bank’s stock valued at $2,765,000 after buying an additional 30,569 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Umpqua Holdings Corporation by 26.5% during the 1st quarter. Alliancebernstein L.P. now owns 418,953 shares of the bank’s stock valued at $7,432,000 after buying an additional 87,843 shares in the last quarter. Credit Agricole S A purchased a new stake in shares of Umpqua Holdings Corporation during the 1st quarter valued at about $321,000. OppenheimerFunds Inc. raised its position in shares of Umpqua Holdings Corporation by 25.1% during the 1st quarter. OppenheimerFunds Inc. now owns 58,260 shares of the bank’s stock valued at $1,034,000 after buying an additional 11,707 shares in the last quarter. Finally, FMR LLC raised its position in shares of Umpqua Holdings Corporation by 1.8% during the 1st quarter. FMR LLC now owns 553,300 shares of the bank’s stock valued at $9,816,000 after buying an additional 9,900 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Several brokerages have recently issued reports on UMPQ. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Monday. Piper Jaffray Companies restated a “sell” rating and set a $16.50 target price on shares of Umpqua Holdings Corporation in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. SunTrust Banks, Inc. began coverage on shares of Umpqua Holdings Corporation in a research report on Friday, August 18th. They set a “buy” rating and a $20.00 target price on the stock. Finally, BidaskClub cut shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.64.

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Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 19.85 on Tuesday. The company’s 50-day moving average is $18.69 and its 200 day moving average is $18.11. The company has a market capitalization of $4.37 billion, a P/E ratio of 18.73 and a beta of 1.14. Umpqua Holdings Corporation has a one year low of $14.78 and a one year high of $20.03.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its 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 firm had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $285.71 million. During the same period last year, the firm earned $0.25 earnings per share. On average, equities analysts anticipate that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.63%. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is currently 67.93%.

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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