Dimensional Fund Advisors LP lowered its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,996,599 shares of the bank’s stock after selling 43,914 shares during the quarter. Dimensional Fund Advisors LP owned 2.72% of Umpqua worth $124,728,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Aperio Group LLC lifted its position in Umpqua by 1.3% during the second quarter. Aperio Group LLC now owns 187,770 shares of the bank’s stock valued at $4,242,000 after purchasing an additional 2,436 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Umpqua by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 85,169 shares of the bank’s stock valued at $1,924,000 after purchasing an additional 2,477 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Umpqua by 25.8% in the 3rd quarter. Raymond James Trust N.A. now owns 12,561 shares of the bank’s stock worth $261,000 after acquiring an additional 2,578 shares during the last quarter. Foster & Motley Inc. lifted its holdings in shares of Umpqua by 15.6% in the 3rd quarter. Foster & Motley Inc. now owns 20,912 shares of the bank’s stock worth $435,000 after acquiring an additional 2,826 shares during the last quarter. Finally, Abbrea Capital LLC lifted its holdings in shares of Umpqua by 12.8% in the 2nd quarter. Abbrea Capital LLC now owns 27,381 shares of the bank’s stock worth $624,000 after acquiring an additional 3,110 shares during the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday. BidaskClub lowered shares of Umpqua from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered shares of Umpqua from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, Piper Jaffray Companies upgraded shares of Umpqua from an “underweight” rating to a “neutral” rating and set a $20.00 target price for the company in a report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.92.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The firm had revenue of $313.76 million during the quarter, compared to analyst estimates of $309.37 million. Umpqua had a net margin of 24.23% and a return on equity of 7.74%. During the same quarter last year, the business earned $0.28 EPS. Research analysts forecast that Umpqua Holdings Corp will post 1.47 EPS for the current year.
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Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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