Allspring Global Investments Holdings LLC cut its holdings in Umpqua Holdings Co. (NASDAQ:UMPQ – Get Rating) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,249 shares of the bank’s stock after selling 25,679 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.20% of Umpqua worth $7,335,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in Umpqua by 138.7% in the first quarter. Lazard Asset Management LLC now owns 2,461 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,430 shares during the period. Rosenberg Matthew Hamilton purchased a new position in Umpqua during the second quarter worth about $48,000. Wipfli Financial Advisors LLC purchased a new position in Umpqua during the third quarter worth about $60,000. Covestor Ltd raised its holdings 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 purchasing an additional 2,464 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in Umpqua during the second quarter worth about $111,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Torran B. Nixon sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $19.97, for a total value of $99,850.00. Following the sale, the insider now directly owns 206,033 shares in the company, valued at $4,114,479.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.58% of the company’s stock.
Wall Street Analysts Forecast Growth
Umpqua Trading Down 1.3 %
Shares of UMPQ opened at $17.33 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $18.75 and its two-hundred day moving average is $18.22. Umpqua Holdings Co. has a twelve month low of $15.77 and a twelve month high of $22.06. The firm has a market capitalization of $3.76 billion, a P/E ratio of 10.97 and a beta of 0.97.
Umpqua (NASDAQ:UMPQ – Get Rating) last issued its earnings results on Wednesday, October 19th. The bank reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $317.05 million for the quarter, compared to analyst estimates of $326.95 million. Umpqua had a net margin of 26.65% and a return on equity of 14.10%. On average, research analysts predict that Umpqua Holdings Co. will post 1.77 earnings per share for the current fiscal year.
Umpqua Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Monday, January 23rd will be given a $0.21 dividend. The ex-dividend date is Friday, January 20th. This represents a $0.84 annualized dividend and a dividend yield of 4.85%. Umpqua’s dividend payout ratio is presently 53.16%.
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.
- Get a free copy of the StockNews.com research report on Umpqua (UMPQ)
- General Electric Stock, The Sum of All Parts Strategy is Paying Off
- MarketBeat: Week in Review 01/09-01/13
- JPMorgan Chase Falls As Banks Brace For Recession
- Why is the Bed Bath & Beyond Stock Price up 261%?
- Roku Stock Price is Trending, Here’s Why
Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.