Arizona State Retirement System lifted its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,356 shares of the bank’s stock after buying an additional 3,495 shares during the period. Arizona State Retirement System owned about 0.07% of Umpqua worth $3,252,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. First Allied Advisory Services Inc. acquired a new position in Umpqua in the 2nd quarter worth about $222,000. Robeco Institutional Asset Management B.V. acquired a new position in Umpqua in the 2nd quarter worth about $10,212,000. Public Employees Retirement System of Ohio increased its holdings in Umpqua by 90.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 258,560 shares of the bank’s stock worth $5,841,000 after purchasing an additional 122,605 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in Umpqua in the 3rd quarter worth about $21,424,000. Finally, ARP Americas LP acquired a new position in Umpqua in the 2nd quarter worth about $203,000. 89.38% of the stock is owned by institutional investors.
A number of brokerages have issued reports on UMPQ. Piper Jaffray Companies set a $20.00 target price on Umpqua and gave the stock a “sell” rating in a report on Thursday, August 2nd. BidaskClub raised Umpqua from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. ValuEngine cut Umpqua from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating and set a $21.00 target price for the company in a report on Tuesday, October 23rd. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $25.00 target price on shares of Umpqua in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Umpqua has a consensus rating of “Hold” and a consensus target price of $23.85.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. The firm had revenue of $313.76 million for the quarter, compared to analyst estimates of $309.37 million. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts expect that Umpqua Holdings Corp will post 1.45 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from Umpqua’s previous quarterly dividend of $0.20. Umpqua’s payout ratio is 78.50%.
Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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