Citadel Advisors LLC cut its position in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,599,117 shares of the bank’s stock after selling 51,484 shares during the quarter. Citadel Advisors LLC owned approximately 1.18% of Umpqua worth $50,709,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new position in Umpqua during the second quarter worth about $203,000. Oregon Public Employees Retirement Fund boosted its holdings in Umpqua by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock worth $1,486,000 after purchasing an additional 3,397 shares during the last quarter. Brookstone Capital Management purchased a new position in Umpqua during the second quarter worth about $285,000. FMR LLC boosted its holdings in Umpqua by 23.8% during the second quarter. FMR LLC now owns 684,900 shares of the bank’s stock worth $12,575,000 after purchasing an additional 131,600 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Umpqua by 14.3% during the second quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock worth $4,614,000 after purchasing an additional 31,336 shares during the last quarter. Institutional investors and hedge funds own 87.79% of the company’s stock.
In other news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.52% of the company’s stock.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at $20.54 on Monday. The company has a market cap of $4,523.57, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96. Umpqua Holdings Corporation has a 12-month low of $16.65 and a 12-month high of $20.99.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The business had revenue of $295.87 million during the quarter, compared to the consensus estimate of $297.51 million. During the same period last year, the firm earned $0.28 EPS. equities analysts forecast that Umpqua Holdings Corporation will post 1.04 EPS for the current year.
Several research analysts recently weighed in on the stock. Barclays PLC boosted their price target on shares of Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Wells Fargo & Company lifted their price objective on shares of Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Umpqua in a research report on Monday, November 6th. Keefe, Bruyette & Woods raised shares of Umpqua from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Umpqua in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.06.
Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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