Lazard Asset Management LLC Boosts Stock Holdings in Umpqua Holdings Co. (NASDAQ:UMPQ)

Lazard Asset Management LLC increased its stake in Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) by 92.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,724 shares of the bank’s stock after buying an additional 2,263 shares during the period. Lazard Asset Management LLC’s holdings in Umpqua were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp purchased a new stake in Umpqua in the first quarter worth approximately $40,000. Rosenberg Matthew Hamilton purchased a new stake in Umpqua in the second quarter worth approximately $48,000. Quadrant Capital Group LLC boosted its holdings in Umpqua by 43.4% in the first quarter. Quadrant Capital Group LLC now owns 4,692 shares of the bank’s stock worth $89,000 after purchasing an additional 1,420 shares during the last quarter. Covestor Ltd boosted its holdings in Umpqua by 95.3% in the first quarter. Covestor Ltd now owns 5,049 shares of the bank’s stock worth $95,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Umpqua by 15.9% in the first quarter. Van ECK Associates Corp now owns 6,681 shares of the bank’s stock worth $126,000 after purchasing an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, initiated coverage on shares of Umpqua in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.33.

Insiders Place Their Bets

In other news, insider Torran B. Nixon sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $19.97, for a total transaction of $99,850.00. Following the sale, the insider now directly owns 206,033 shares in the company, valued at approximately $4,114,479.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

Umpqua Stock Down 0.5 %

UMPQ opened at $20.08 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. Umpqua Holdings Co. has a 1-year low of $15.77 and a 1-year high of $22.06. The company has a market capitalization of $4.36 billion, a PE ratio of 12.71 and a beta of 0.96. The firm’s 50 day simple moving average is $18.71 and its two-hundred day simple moving average is $17.89.

Umpqua Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were given a $0.21 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.84 annualized dividend and a yield of 4.18%. Umpqua’s payout ratio is presently 53.16%.

About Umpqua

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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.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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