Strs Ohio Has $2.72 Million Position in Umpqua Holdings Corp (UMPQ)

Strs Ohio reduced its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 165,000 shares of the bank’s stock after selling 23,909 shares during the quarter. Strs Ohio’s holdings in Umpqua were worth $2,722,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in UMPQ. BlackRock Inc. increased its holdings in Umpqua by 2.3% during the 4th quarter. BlackRock Inc. now owns 19,858,343 shares of the bank’s stock worth $315,746,000 after purchasing an additional 447,110 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in Umpqua by 18.5% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock worth $196,776,000 after purchasing an additional 1,927,944 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Umpqua by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock worth $102,129,000 after purchasing an additional 426,501 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Umpqua by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 3,554,888 shares of the bank’s stock worth $56,523,000 after purchasing an additional 25,315 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Umpqua by 0.9% during the 4th quarter. Northern Trust Corp now owns 3,046,997 shares of the bank’s stock worth $48,447,000 after purchasing an additional 27,913 shares during the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

In other news, CFO Ron L. Farnsworth sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $17.62, for a total value of $167,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

Several equities research analysts have issued reports on UMPQ shares. DA Davidson restated a “buy” rating on shares of Umpqua in a report on Thursday, April 18th. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. BidaskClub upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stephens restated a “hold” rating and set a $21.00 price objective on shares of Umpqua in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.70.

Shares of NASDAQ UMPQ opened at $17.30 on Friday. Umpqua Holdings Corp has a twelve month low of $15.09 and a twelve month high of $24.89. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.81 billion, a PE ratio of 11.93, a PEG ratio of 1.21 and a beta of 1.08.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Umpqua had a net margin of 23.20% and a return on equity of 7.91%. The firm had revenue of $283.43 million during the quarter, compared to the consensus estimate of $301.29 million. During the same quarter last year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Umpqua Holdings Corp will post 1.58 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.86%. Umpqua’s dividend payout ratio (DPR) is 57.53%.

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About Umpqua

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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