Peregrine Capital Management LLC raised its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419,523 shares of the bank’s stock after buying an additional 6,000 shares during the period. Peregrine Capital Management LLC owned about 0.19% of Umpqua worth $4,464,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in Umpqua by 9.1% during the first quarter. State Street Corp now owns 7,869,311 shares of the bank’s stock worth $87,430,000 after buying an additional 658,367 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Umpqua by 6.5% during the first quarter. Geode Capital Management LLC now owns 2,820,869 shares of the bank’s stock worth $30,747,000 after buying an additional 171,813 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in Umpqua during the first quarter worth approximately $139,000. Asio Capital LLC boosted its holdings in Umpqua by 113.4% during the first quarter. Asio Capital LLC now owns 112,230 shares of the bank’s stock worth $1,223,000 after buying an additional 59,645 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Umpqua by 0.8% during the first quarter. Legal & General Group Plc now owns 372,156 shares of the bank’s stock worth $4,057,000 after buying an additional 2,775 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.
A number of analysts recently weighed in on UMPQ shares. Stephens restated an “overweight” rating and set a $15.00 target price on shares of Umpqua in a report on Sunday, June 14th. Wedbush raised their price objective on shares of Umpqua from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Zacks Investment Research lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. DA Davidson decreased their price objective on shares of Umpqua from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Umpqua in a research note on Sunday, June 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Umpqua has a consensus rating of “Hold” and a consensus price target of $14.57.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 22nd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Umpqua had a net margin of 13.68% and a return on equity of 5.65%. The company had revenue of $327.98 million during the quarter, compared to the consensus estimate of $306.55 million. On average, research analysts anticipate that Umpqua Holdings Corp will post 0.7 EPS for the current year.
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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