Arjuna Capital Acquires New Stake in Umpqua Holdings Corp (NASDAQ:UMPQ)

Arjuna Capital acquired a new stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 51,619 shares of the bank’s stock, valued at approximately $852,000.

A number of other hedge funds have also recently made changes to their positions in UMPQ. Financial Advocates Investment Management boosted its holdings in shares of Umpqua by 45.1% in the fourth quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock worth $43,000 after buying an additional 1,001 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Umpqua during the 1st quarter worth approximately $183,000. FCA Corp TX bought a new stake in Umpqua during the 4th quarter worth approximately $127,000. Cipher Capital LP bought a new stake in Umpqua during the 4th quarter worth approximately $463,000. Finally, BancorpSouth Bank bought a new stake in Umpqua during the 4th quarter worth approximately $1,604,000. 87.53% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on UMPQ. Zacks Investment Research cut shares of Umpqua from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. BidaskClub raised shares of Umpqua from a “strong sell” rating to a “sell” rating in a report on Saturday, June 29th. DA Davidson reissued a “buy” rating on shares of Umpqua in a report on Thursday, April 18th. Finally, Stephens reissued a “hold” rating and issued a $21.00 target price on shares of Umpqua in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.44.

Shares of UMPQ stock traded up $0.17 on Friday, hitting $17.07. The stock had a trading volume of 890,451 shares, compared to its average volume of 1,336,291. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.99 and a current ratio of 1.00. The business has a 50 day moving average price of $16.54. The company has a market capitalization of $3.76 billion, a P/E ratio of 11.69, a PEG ratio of 1.23 and a beta of 1.06. Umpqua Holdings Corp has a one year low of $15.09 and a one year high of $23.57.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $283.43 million during the quarter, compared to the consensus estimate of $301.29 million. Umpqua had a net margin of 23.20% and a return on equity of 7.91%. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, research analysts predict that Umpqua Holdings Corp will post 1.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.84 dividend on an annualized basis and a yield of 4.92%. Umpqua’s dividend payout ratio is presently 57.53%.

Umpqua Company Profile

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. 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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