Umpqua Holdings Co. (NASDAQ:UMPQ) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its stake in shares of Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,556 shares of the bank’s stock after selling 692 shares during the period. Arizona State Retirement System’s holdings in Umpqua were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UMPQ. Versor Investments LP grew its holdings in Umpqua by 37,273.5% during the fourth quarter. Versor Investments LP now owns 4,073,711 shares of the bank’s stock worth $78,378,000 after acquiring an additional 4,062,811 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Umpqua by 11.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,711,154 shares of the bank’s stock worth $206,082,000 after acquiring an additional 1,126,660 shares during the period. Assenagon Asset Management S.A. grew its holdings in Umpqua by 772.4% during the first quarter. Assenagon Asset Management S.A. now owns 909,997 shares of the bank’s stock worth $17,163,000 after acquiring an additional 805,693 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Umpqua during the fourth quarter worth about $12,100,000. Finally, Citigroup Inc. grew its holdings in Umpqua by 364.2% during the fourth quarter. Citigroup Inc. now owns 768,529 shares of the bank’s stock worth $14,786,000 after acquiring an additional 602,964 shares during the period. 87.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Torran B. Nixon sold 5,000 shares of Umpqua stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $17.58, for a total transaction of $87,900.00. Following the transaction, the insider now owns 211,033 shares in the company, valued at $3,709,960.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UMPQ has been the topic of several research analyst reports. Truist Financial raised their price objective on Umpqua to $19.00 in a report on Monday, July 25th. TheStreet lowered Umpqua from a “b-” rating to a “c+” rating in a report on Friday, June 17th. Finally, Wedbush raised their price objective on Umpqua to $19.00 in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.25.

Umpqua Stock Performance

NASDAQ UMPQ opened at $17.60 on Tuesday. The company has a market cap of $3.82 billion, a PE ratio of 10.48 and a beta of 0.98. The stock’s 50 day simple moving average is $17.14 and its 200-day simple moving average is $18.55. Umpqua Holdings Co. has a 1-year low of $15.77 and a 1-year high of $22.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.95.

Umpqua (NASDAQ:UMPQGet Rating) last released its earnings results on Wednesday, July 20th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $303.41 million during the quarter, compared to analysts’ expectations of $298.36 million. Umpqua had a net margin of 28.88% and a return on equity of 13.88%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. As a group, equities research analysts anticipate that Umpqua Holdings Co. will post 1.75 EPS for the current fiscal year.

Umpqua Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a dividend of $0.21 per share. This is an increase from Umpqua’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, July 29th. This represents a $0.84 dividend on an annualized basis and a yield of 4.77%. Umpqua’s dividend payout ratio (DPR) is presently 50.00%.

Umpqua Profile

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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.

See Also

Want to see what other hedge funds are holding UMPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Umpqua Holdings Co. (NASDAQ:UMPQGet Rating).

Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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