US Bancorp DE Reduces Holdings in Umpqua Holdings Co. (NASDAQ:UMPQ)

US Bancorp DE decreased its holdings in Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) by 10.2% during the third quarter, reports. The institutional investor owned 48,425 shares of the bank’s stock after selling 5,519 shares during the quarter. US Bancorp DE’s holdings in Umpqua were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in UMPQ. Lazard Asset Management LLC boosted its holdings in shares of Umpqua by 138.7% in the first quarter. Lazard Asset Management LLC now owns 2,461 shares of the bank’s stock worth $46,000 after buying an additional 1,430 shares during the last quarter. Rosenberg Matthew Hamilton bought a new stake in Umpqua during the 2nd quarter worth approximately $48,000. Wipfli Financial Advisors LLC bought a new stake in Umpqua during the 3rd quarter worth approximately $60,000. Covestor Ltd raised its stake in Umpqua by 95.3% during the 1st 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. Finally, SeaCrest Wealth Management LLC bought a new stake in Umpqua during the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Insider Activity

In related news, insider Torran B. Nixon sold 5,000 shares of the business’s stock in a transaction 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 owns 206,033 shares in the company, valued at $4,114,479.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UMPQ. Wells Fargo & Company upgraded shares of Umpqua from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $20.00 to $22.00 in a research note on Thursday, December 15th. began coverage on shares of Umpqua in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Umpqua presently has an average rating of “Hold” and a consensus price target of $20.00.

Umpqua Trading Down 2.3 %

Umpqua stock opened at $16.40 on Friday. The stock has a market cap of $3.56 billion, a P/E ratio of 10.38 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.98. Umpqua Holdings Co. has a 1 year low of $15.77 and a 1 year high of $22.06. The firm’s 50 day moving average price is $18.48 and its 200-day moving average price is $18.20.

Umpqua (NASDAQ:UMPQGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $317.05 million for the quarter, compared to analysts’ expectations of $326.95 million. Umpqua had a net margin of 26.65% and a return on equity of 14.10%. On average, equities analysts predict that Umpqua Holdings Co. will post 1.77 earnings per share for the current fiscal year.

Umpqua Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Monday, January 23rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, January 20th. Umpqua’s payout ratio is currently 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.

Further Reading

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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