Massmutual Trust Co. FSB ADV Has $460,000 Stock Holdings in Umpqua Holdings Co. (NASDAQ:UMPQ)

Massmutual Trust Co. FSB ADV lowered its position in Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,371 shares of the bank’s stock after selling 844 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Umpqua were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. ZWJ Investment Counsel Inc. raised its holdings in shares of Umpqua by 9.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 445,168 shares of the bank’s stock valued at $8,565,000 after purchasing an additional 39,052 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Umpqua by 392.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 430,801 shares of the bank’s stock valued at $8,289,000 after purchasing an additional 343,391 shares during the last quarter. Commerce Bank raised its holdings in shares of Umpqua by 2.9% in the fourth quarter. Commerce Bank now owns 19,724 shares of the bank’s stock valued at $380,000 after purchasing an additional 560 shares during the last quarter. Credit Suisse AG raised its holdings in shares of Umpqua by 21.4% in the fourth quarter. Credit Suisse AG now owns 274,730 shares of the bank’s stock valued at $5,286,000 after purchasing an additional 48,387 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Umpqua by 5.2% in the fourth quarter. State Street Corp now owns 11,006,211 shares of the bank’s stock valued at $211,759,000 after purchasing an additional 547,100 shares during the last quarter. Institutional investors own 87.58% of the company’s stock.

Shares of NASDAQ:UMPQ opened at $16.57 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.60 billion, a PE ratio of 8.96 and a beta of 1.02. Umpqua Holdings Co. has a twelve month low of $15.77 and a twelve month high of $22.06. The company has a 50-day moving average price of $17.27 and a two-hundred day moving average price of $19.04.

Umpqua (NASDAQ:UMPQGet Rating) last issued its earnings results on Wednesday, April 20th. The bank reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $308.73 million during the quarter, compared to analyst estimates of $296.38 million. Umpqua had a net margin of 31.34% and a return on equity of 14.89%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Analysts anticipate that Umpqua Holdings Co. will post 1.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 16th were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 13th. This represents a $0.84 dividend on an annualized basis and a yield of 5.07%. Umpqua’s dividend payout ratio is presently 45.41%.

A number of research firms recently issued reports on UMPQ. TheStreet downgraded shares of Umpqua from a “b-” rating to a “c+” rating in a report on Friday, June 17th. Truist Financial decreased their price objective on shares of Umpqua from $20.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, June 15th. Finally, StockNews.com began coverage on shares of Umpqua in a report on Thursday, March 31st. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.88.

In related news, insider Torran B. Nixon sold 5,000 shares of Umpqua stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $17.67, for a total value of $88,350.00. Following the completion of the sale, the insider now directly owns 216,033 shares in the company, valued at $3,817,303.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Luis Machuca acquired 7,600 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The stock was purchased at an average price of $17.29 per share, with a total value of $131,404.00. Following the completion of the acquisition, the director now directly owns 70,718 shares of the company’s stock, valued at $1,222,714.22. The disclosure for this purchase can be found here. 0.58% of the stock is owned by company insiders.

About Umpqua (Get Rating)

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. 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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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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