Atlanta Capital Management Co. L L C Grows Position in Umpqua Holdings Corporation (UMPQ)

Atlanta Capital Management Co. L L C increased its holdings in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,745,502 shares of the bank’s stock after acquiring an additional 1,219,722 shares during the quarter. Atlanta Capital Management Co. L L C owned approximately 4.88% of Umpqua Holdings Corporation worth $197,288,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UMPQ. BlackRock Inc. lifted its stake in Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after acquiring an additional 24,267,359 shares during the period. Citadel Advisors LLC lifted its stake in Umpqua Holdings Corporation by 591.2% in the second quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock worth $48,665,000 after acquiring an additional 2,267,129 shares during the period. Janus Henderson Group PLC purchased a new stake in Umpqua Holdings Corporation in the second quarter worth about $38,607,000. Balyasny Asset Management LLC lifted its stake in Umpqua Holdings Corporation by 1,072.4% in the second quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock worth $34,974,000 after acquiring an additional 1,742,435 shares during the period. Finally, Deprince Race & Zollo Inc. purchased a new stake in Umpqua Holdings Corporation in the second quarter worth about $28,844,000. 87.77% of the stock is owned by institutional investors.

Shares of Umpqua Holdings Corporation (UMPQ) traded down 0.60% during trading on Monday, reaching $19.78. 318,558 shares of the company’s stock were exchanged. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $20.03. The company has a market capitalization of $4.36 billion, a P/E ratio of 18.66 and a beta of 1.14. The stock has a 50-day moving average price of $18.29 and a 200 day moving average price of $18.00.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter in the previous year, the business posted $0.25 EPS. Equities analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 67.93%.

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A number of analysts recently weighed in on UMPQ shares. BidaskClub raised shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 25th. SunTrust Banks, Inc. started coverage on shares of Umpqua Holdings Corporation in a research note on Friday, August 18th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Wedbush started coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.64.

About Umpqua Holdings Corporation

Umpqua Holdings Corporation is a bank holding company. The

A number of other large investors have also added to or reduced their stakes in UMPQ. BlackRock Inc. lifted its stake in Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after acquiring an additional 24,267,359 shares during the period. Citadel Advisors LLC lifted its stake in Umpqua Holdings Corporation by 591.2% in the second quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock worth $48,665,000 after acquiring an additional 2,267,129 shares during the period. Janus Henderson Group PLC purchased a new stake in Umpqua Holdings Corporation in the second quarter worth about $38,607,000. Balyasny Asset Management LLC lifted its stake in Umpqua Holdings Corporation by 1,072.4% in the second quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock worth $34,974,000 after acquiring an additional 1,742,435 shares during the period. Finally, Deprince Race & Zollo Inc. purchased a new stake in Umpqua Holdings Corporation in the second quarter worth about $28,844,000. 87.77% of the stock is owned by institutional investors.

Shares of Umpqua Holdings Corporation (UMPQ) traded down 0.60% during trading on Monday, reaching $19.78. 318,558 shares of the company’s stock were exchanged. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $20.03. The company has a market capitalization of $4.36 billion, a P/E ratio of 18.66 and a beta of 1.14. The stock has a 50-day moving average price of $18.29 and a 200 day moving average price of $18.00.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter in the previous year, the business posted $0.25 EPS. Equities analysts expect that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 67.93%.

WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/atlanta-capital-management-co-l-l-c-grows-position-in-umpqua-holdings-corporation-umpq.html.

A number of analysts recently weighed in on UMPQ shares. BidaskClub raised shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 25th. SunTrust Banks, Inc. started coverage on shares of Umpqua Holdings Corporation in a research note on Friday, August 18th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Wedbush started coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.64.

About Umpqua Holdings Corporation

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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Institutional Ownership by Quarter for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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