Dupont Capital Management Corp boosted its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 10.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,972 shares of the bank’s stock after buying an additional 2,132 shares during the quarter. Dupont Capital Management Corp’s holdings in Umpqua were worth $378,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of UMPQ. Atlanta Capital Management Co. L L C boosted its holdings in Umpqua by 16.1% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 14,443,808 shares of the bank’s stock valued at $239,623,000 after acquiring an additional 2,004,171 shares during the period. FMR LLC lifted its holdings in Umpqua by 1,322.7% in the 1st quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock worth $26,705,000 after buying an additional 1,504,734 shares during the period. Balyasny Asset Management LLC lifted its holdings in Umpqua by 535.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,520,829 shares of the bank’s stock worth $25,231,000 after buying an additional 1,281,553 shares during the period. Hamlin Capital Management LLC lifted its holdings in Umpqua by 26.1% in the 3rd quarter. Hamlin Capital Management LLC now owns 3,552,704 shares of the bank’s stock worth $58,478,000 after buying an additional 734,772 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in Umpqua in the 2nd quarter worth approximately $8,880,000. Institutional investors own 86.19% of the company’s stock.
In other news, EVP Torran B. Nixon sold 5,303 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $15.31, for a total value of $81,188.93. Following the completion of the transaction, the executive vice president now owns 103,344 shares of the company’s stock, valued at approximately $1,582,196.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on UMPQ shares. Raymond James set a $17.00 price objective on Umpqua and gave the stock a “buy” rating in a report on Thursday, August 29th. SunTrust Banks dropped their price objective on Umpqua from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Stephens set a $16.00 price objective on Umpqua and gave the stock a “hold” rating in a report on Friday, October 18th. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Finally, ValuEngine upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.67.
Shares of NASDAQ:UMPQ opened at $16.64 on Thursday. Umpqua Holdings Corp has a 52-week low of $15.06 and a 52-week high of $20.05. The firm has a market capitalization of $3.60 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.28 and a beta of 1.06. The stock has a 50 day moving average price of $16.19 and a 200-day moving average price of $16.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.01.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 16th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. Umpqua had a return on equity of 8.41% and a net margin of 24.20%. The firm had revenue of $317.49 million during the quarter, compared to analyst estimates of $302.20 million. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities analysts forecast that Umpqua Holdings Corp will post 1.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, September 27th. Umpqua’s dividend payout ratio is currently 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.
Further Reading: Determine Your Level of Risk Tolerance
Want to see what other hedge funds are holding UMPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Umpqua Holdings Corp (NASDAQ:UMPQ).
Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.