Atlanta Capital Management Co. L L C reduced its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,721,256 shares of the bank’s stock after selling 24,246 shares during the period. Atlanta Capital Management Co. L L C owned approximately 4.87% of Umpqua worth $209,171,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UMPQ. HighTower Advisors LLC bought a new stake in shares of Umpqua in the 2nd quarter valued at approximately $203,000. Brookstone Capital Management acquired a new position in Umpqua during the 2nd quarter valued at approximately $285,000. FMR LLC boosted its position in Umpqua by 23.8% during the 2nd quarter. FMR LLC now owns 684,900 shares of the bank’s stock worth $12,575,000 after acquiring an additional 131,600 shares during the period. Legal & General Group Plc boosted its position in Umpqua by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock worth $4,614,000 after acquiring an additional 31,336 shares during the period. Finally, SG Americas Securities LLC boosted its position in Umpqua by 59.1% during the 2nd quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock worth $1,493,000 after acquiring an additional 30,198 shares during the period. 88.26% of the stock is currently owned by institutional investors and hedge funds.
Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at $21.40 on Friday. The firm has a market capitalization of $4,697.54, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.42 and a beta of 1.13. Umpqua Holdings Corporation has a 52-week low of $16.65 and a 52-week high of $22.86. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same period in the previous year, the firm posted $0.28 earnings per share. equities analysts predict that Umpqua Holdings Corporation will post 1.04 EPS for the current fiscal year.
In related news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.
A number of research analysts have issued reports on UMPQ shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price target on shares of Umpqua in a research report on Monday, October 16th. Wells Fargo & Company boosted their price target on 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 restated a “buy” rating and issued a $23.00 price objective on shares of Umpqua in a report on Monday, November 6th. Piper Jaffray Companies restated a “sell” rating and issued a $16.50 price objective on shares of Umpqua in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Two investment 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 has an average rating of “Hold” and an average price target of $20.17.
Umpqua Company Profile
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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