First Trust Advisors LP Cuts Stake in Umpqua Holdings Corporation (UMPQ)

First Trust Advisors LP decreased its position in Umpqua Holdings Corporation (NASDAQ:UMPQ) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,735,059 shares of the bank’s stock after selling 49,494 shares during the period. First Trust Advisors LP’s holdings in Umpqua Holdings Corporation were worth $31,856,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of Umpqua Holdings Corporation by 1.3% in the first quarter. Capstone Asset Management Co. now owns 18,532 shares of the bank’s stock worth $329,000 after buying an additional 230 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Umpqua Holdings Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 55,600 shares of the bank’s stock worth $986,000 after buying an additional 1,200 shares during the last quarter. Legato Capital Management LLC raised its position in shares of Umpqua Holdings Corporation by 1,674.0% in the first quarter. Legato Capital Management LLC now owns 59,642 shares of the bank’s stock worth $3,362,000 after buying an additional 56,280 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Umpqua Holdings Corporation by 9.3% in the first quarter. State of Alaska Department of Revenue now owns 18,850 shares of the bank’s stock worth $334,000 after buying an additional 1,610 shares during the last quarter. Finally, Naples Global Advisors LLC raised its position in shares of Umpqua Holdings Corporation by 10.2% in the first quarter. Naples Global Advisors LLC now owns 30,280 shares of the bank’s stock worth $537,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 17.69 on Tuesday. Umpqua Holdings Corporation has a 1-year low of $14.77 and a 1-year high of $19.50. The company’s 50 day moving average is $18.46 and its 200-day moving average is $18.08. The company has a market capitalization of $3.90 billion, a P/E ratio of 16.69 and a beta of 1.11.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its earnings results on Wednesday, July 19th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. The business had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities research analysts forecast that Umpqua Holdings Corporation will post $1.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.64 annualized dividend and a yield of 3.62%. Umpqua Holdings Corporation’s dividend payout ratio is presently 60.38%.

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UMPQ has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Stephens reiterated a “hold” rating on shares of Umpqua Holdings Corporation in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Tuesday, May 9th. ValuEngine lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.86.

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

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