Envestnet Asset Management Inc. Has $1.73 Million Stock Position in Umpqua Holdings Co. (NASDAQ:UMPQ)

Envestnet Asset Management Inc. lifted its position in Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,953 shares of the bank’s stock after buying an additional 1,256 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Umpqua were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MUFG Americas Holdings Corp acquired a new stake in shares of Umpqua in the first quarter worth $40,000. Lazard Asset Management LLC increased its position in Umpqua by 138.7% during the first quarter. Lazard Asset Management LLC now owns 2,461 shares of the bank’s stock worth $46,000 after acquiring an additional 1,430 shares during the period. Rosenberg Matthew Hamilton bought a new position in Umpqua during the second quarter worth $48,000. Quadrant Capital Group LLC increased its position in Umpqua by 43.4% during the first quarter. Quadrant Capital Group LLC now owns 4,692 shares of the bank’s stock worth $89,000 after acquiring an additional 1,420 shares during the period. Finally, Covestor Ltd increased its position in Umpqua by 95.3% during the first quarter. Covestor Ltd now owns 5,049 shares of the bank’s stock worth $95,000 after acquiring an additional 2,464 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Torran B. Nixon sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $19.97, for a total transaction of $99,850.00. Following the completion of the sale, the insider now directly owns 206,033 shares of the company’s stock, valued at approximately $4,114,479.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.58% of the stock is owned by company insiders.

Umpqua Stock Performance

Shares of UMPQ stock opened at $20.18 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market cap of $4.38 billion, a PE ratio of 12.77 and a beta of 0.96. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $17.84. Umpqua Holdings Co. has a one year low of $15.77 and a one year high of $22.06.

Umpqua Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, October 13th. This represents a $0.84 dividend on an annualized basis and a yield of 4.16%. Umpqua’s payout ratio is 53.16%.

Analysts Set New Price Targets

A number of research firms have issued reports on UMPQ. StockNews.com began coverage on shares of Umpqua in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial upped their target price on shares of Umpqua to $19.00 in a research report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Umpqua Company 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.

Further Reading

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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