Louisiana State Employees Retirement System lifted its position in Umpqua Holdings Corp (NASDAQ:UMPQ) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,000 shares of the bank’s stock after acquiring an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Umpqua were worth $974,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in UMPQ. BlackRock Inc. increased its stake in Umpqua by 2.3% during the 4th quarter. BlackRock Inc. now owns 19,858,343 shares of the bank’s stock worth $315,746,000 after purchasing an additional 447,110 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Umpqua by 18.5% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock worth $196,776,000 after purchasing an additional 1,927,944 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Umpqua by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock worth $102,129,000 after purchasing an additional 426,501 shares in the last quarter. Fisher Asset Management LLC increased its stake in Umpqua by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 3,554,888 shares of the bank’s stock worth $56,523,000 after purchasing an additional 25,315 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Umpqua by 0.9% during the 4th quarter. Northern Trust Corp now owns 3,046,997 shares of the bank’s stock worth $48,447,000 after purchasing an additional 27,913 shares in the last quarter. Institutional investors and hedge funds own 88.97% of the company’s stock.
In other news, CFO Ron L. Farnsworth sold 9,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $17.62, for a total transaction of $167,390.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by company insiders.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The business had revenue of $283.43 million for the quarter, compared to the consensus estimate of $301.29 million. Umpqua had a return on equity of 8.05% and a net margin of 23.51%. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Friday, March 29th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.91%. Umpqua’s dividend payout ratio is currently 57.53%.
UMPQ has been the subject of a number of research reports. Zacks Investment Research cut Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine raised Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, BidaskClub cut Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.91.
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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.
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