Chartwell Investment Partners LLC trimmed its position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 844,514 shares of the bank’s stock after selling 19,562 shares during the period. Chartwell Investment Partners LLC owned about 0.38% of Umpqua worth $13,934,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UMPQ. First Hawaiian Bank grew its position in shares of Umpqua by 18.4% in the 1st quarter. First Hawaiian Bank now owns 7,447 shares of the bank’s stock worth $123,000 after buying an additional 1,157 shares during the last quarter. Deutsche Bank AG grew its position in shares of Umpqua by 95.9% in the 4th quarter. Deutsche Bank AG now owns 1,282,403 shares of the bank’s stock worth $20,387,000 after buying an additional 627,884 shares during the last quarter. FCA Corp TX bought a new stake in shares of Umpqua in the 4th quarter worth approximately $127,000. American Century Companies Inc. grew its position in shares of Umpqua by 3.3% in the 4th quarter. American Century Companies Inc. now owns 165,569 shares of the bank’s stock worth $2,633,000 after buying an additional 5,328 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Umpqua by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 2,344,474 shares of the bank’s stock worth $37,276,000 after buying an additional 158,381 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on UMPQ shares. Stephens reiterated a “hold” rating and issued a $21.00 price objective on shares of Umpqua in a research report on Monday, April 22nd. Zacks Investment Research lowered Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. BidaskClub lowered Umpqua from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. ValuEngine lowered Umpqua from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, DA Davidson restated a “buy” rating on shares of Umpqua in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Umpqua presently has an average rating of “Hold” and an average price target of $22.44.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The company had revenue of $283.43 million for the quarter, compared to analysts’ expectations of $301.29 million. Umpqua had a net margin of 23.20% and a return on equity of 7.91%. During the same quarter in the previous year, the firm posted $0.35 EPS. As a group, equities research analysts predict that Umpqua Holdings Corp will post 1.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Thursday, March 28th. Umpqua’s payout ratio is 57.53%.
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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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