Carillon Tower Advisers Inc. boosted its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 32.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 951,375 shares of the bank’s stock after acquiring an additional 232,175 shares during the period. Carillon Tower Advisers Inc.’s holdings in Umpqua were worth $15,698,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of UMPQ. Norges Bank purchased a new stake in Umpqua during the 4th quarter worth about $39,841,000. Hamlin Capital Management LLC purchased a new stake in Umpqua during the 4th quarter worth about $34,866,000. 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 period. Oregon Public Employees Retirement Fund increased its holdings in Umpqua by 1,490.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,371,455 shares of the bank’s stock worth $86,000 after purchasing an additional 1,285,200 shares during the period. Finally, Boston Partners purchased a new stake in Umpqua during the 4th quarter worth about $17,850,000. Institutional investors own 88.91% of the company’s stock.
A number of research firms have recently commented on UMPQ. Zacks Investment Research downgraded Umpqua from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. BidaskClub downgraded Umpqua from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. ValuEngine downgraded Umpqua from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Stephens reiterated a “hold” rating and issued a $21.00 price objective on shares of Umpqua in a report on Monday, April 22nd. Finally, DA Davidson reiterated a “buy” rating on shares of Umpqua in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.44.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $283.43 million during the quarter, compared to analysts’ expectations of $301.29 million. Umpqua had a net margin of 23.20% and a return on equity of 7.91%. During the same quarter in the previous year, the company posted $0.35 EPS. On average, research analysts expect that Umpqua Holdings Corp will post 1.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given 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 5.08%. Umpqua’s dividend payout ratio (DPR) is presently 57.53%.
Umpqua Company Profile
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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