Advisory Services Network LLC lowered its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 38.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,197 shares of the bank’s stock after selling 1,393 shares during the period. Advisory Services Network LLC’s holdings in Umpqua were worth $37,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bremer Trust National Association purchased a new position in shares of Umpqua during the fourth quarter valued at $27,000. Financial Advocates Investment Management grew its stake in Umpqua by 45.1% in the fourth quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,001 shares in the last quarter. JOYN Advisors Inc. grew its stake in Umpqua by 60.9% in the fourth quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,294 shares in the last quarter. Toronto Dominion Bank grew its stake in Umpqua by 12,996.9% in the fourth quarter. Toronto Dominion Bank now owns 4,191 shares of the bank’s stock valued at $67,000 after purchasing an additional 4,159 shares in the last quarter. Finally, Pearl River Capital LLC grew its stake in Umpqua by 1,434.7% in the first quarter. Pearl River Capital LLC now owns 4,604 shares of the bank’s stock valued at $76,000 after purchasing an additional 4,304 shares in the last quarter. 87.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating on shares of Umpqua in a research report on Thursday, April 18th. Stephens reaffirmed a “hold” rating and issued a $63.00 price target on shares of Pinnacle Financial Partners in a research report on Thursday. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday. Finally, BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.11.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The business had revenue of $348.99 million for the quarter, compared to the consensus estimate of $300.90 million. Umpqua had a return on equity of 8.71% and a net margin of 25.09%. During the same quarter last year, the business posted $0.31 EPS. On average, equities analysts expect 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 was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Thursday, June 27th. Umpqua’s dividend payout ratio (DPR) is presently 57.53%.
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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