Umpqua Holdings Corporation (UMPQ) Shares Sold by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC reduced its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 64.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,166 shares of the bank’s stock after selling 52,738 shares during the period. Virtu KCG Holdings LLC’s holdings in Umpqua Holdings Corporation were worth $535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Umpqua Holdings Corporation by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock valued at $1,486,000 after purchasing an additional 3,397 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Umpqua Holdings Corporation in the 2nd quarter valued at about $285,000. Paragon Capital Management Ltd acquired a new position in shares of Umpqua Holdings Corporation in the 2nd quarter valued at about $255,000. Legal & General Group Plc lifted its stake in shares of Umpqua Holdings Corporation by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock valued at $4,614,000 after purchasing an additional 31,336 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Umpqua Holdings Corporation by 59.1% in the 2nd quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock valued at $1,493,000 after purchasing an additional 30,198 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/umpqua-holdings-corporation-umpq-shares-sold-by-virtu-kcg-holdings-llc.html.

Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 19.82 on Tuesday. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $20.03. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 18.70 and a beta of 1.14. The company’s 50-day moving average price is $18.36 and its 200 day moving average price is $18.03.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same quarter last year, the company posted $0.25 EPS. Equities research analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio is 67.93%.

UMPQ has been the topic of several research analyst reports. ValuEngine raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. SunTrust Banks, Inc. initiated coverage on Umpqua Holdings Corporation in a research note on Friday, August 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, July 25th. Stephens reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the company a “hold” rating in a research n

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Umpqua Holdings Corporation by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock valued at $1,486,000 after purchasing an additional 3,397 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Umpqua Holdings Corporation in the 2nd quarter valued at about $285,000. Paragon Capital Management Ltd acquired a new position in shares of Umpqua Holdings Corporation in the 2nd quarter valued at about $255,000. Legal & General Group Plc lifted its stake in shares of Umpqua Holdings Corporation by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock valued at $4,614,000 after purchasing an additional 31,336 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Umpqua Holdings Corporation by 59.1% in the 2nd quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock valued at $1,493,000 after purchasing an additional 30,198 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/umpqua-holdings-corporation-umpq-shares-sold-by-virtu-kcg-holdings-llc.html.

Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 19.82 on Tuesday. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $20.03. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 18.70 and a beta of 1.14. The company’s 50-day moving average price is $18.36 and its 200 day moving average price is $18.03.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same quarter last year, the company posted $0.25 EPS. Equities research analysts predict that Umpqua Holdings Corporation will post $1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio is 67.93%.

UMPQ has been the topic of several research analyst reports. ValuEngine raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. SunTrust Banks, Inc. initiated coverage on Umpqua Holdings Corporation in a research note on Friday, August 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, July 25th. Stephens reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 price objective on Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Umpqua Holdings Corporation presently 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.

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

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