Umpqua Holdings Corporation (UMPQ) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its stake in shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) by 14.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 251,143 shares of the bank’s stock after purchasing an additional 31,336 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of Umpqua Holdings Corporation worth $4,614,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UMPQ. Tyers Asset Management LLC increased its position in Umpqua Holdings Corporation by 27.2% during the 1st quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock valued at $118,000 after purchasing an additional 1,424 shares during the period. Huntington National Bank grew its position in shares of Umpqua Holdings Corporation by 30.6% in the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after buying an additional 1,685 shares during the period. Elkfork Partners LLC grew its position in shares of Umpqua Holdings Corporation by 27.2% in the 1st quarter. Elkfork Partners LLC now owns 9,152 shares of the bank’s stock worth $162,000 after buying an additional 1,958 shares during the period. Venturi Wealth Management LLC grew its position in shares of Umpqua Holdings Corporation by 2.7% in the 1st quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock worth $179,000 after buying an additional 280 shares during the period. Finally, Meadow Creek Investment Management LLC grew its position in shares of Umpqua Holdings Corporation by 27.2% in the 1st quarter. Meadow Creek Investment Management LLC now owns 11,648 shares of the bank’s stock worth $207,000 after buying an additional 2,492 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have recently weighed in on UMPQ. Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub raised shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Stephens reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 target price on shares of Umpqua Holdings Corporation and gave the stock a “hold” rating in a research report on Monday, July 10th. Finally, Wedbush began coverage on shares of Umpqua Holdings Corporation in a research report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Umpqua Holdings Corporation presently has an average rating of “Hold” and an average price target of $20.17.

Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 17.62 on Tuesday. Umpqua Holdings Corporation has a 52-week low of $14.77 and a 52-week high of $19.50. The stock has a 50 day moving average of $17.83 and a 200-day moving average of $17.91. The stock has a market capitalization of $3.88 billion, a P/E ratio of 16.62 and a beta of 1.12.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly 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. The firm had revenue of $283.20 million for 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 prior year, the business posted $0.25 EPS. Analysts predict that Umpqua Holdings Corporation will post $1.05 EPS for the current fiscal year.

Umpqua Holdings Corporation 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.

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

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