Northwest Quadrant Wealth Management LLC acquired a new stake in Umpqua Holdings Corporation (NASDAQ:UMPQ) during the fourth quarter, Holdings Channel reports. The firm acquired 7,802 shares of the company’s stock, valued at approximately $143,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. S. R. Schill & Associates boosted its position in Umpqua Holdings Corporation by 0.8% in the second quarter. S. R. Schill & Associates now owns 36,745 shares of the company’s stock worth $568,000 after buying an additional 286 shares during the period. AMG National Trust Bank boosted its position in Umpqua Holdings Corporation by 1.3% in the third quarter. AMG National Trust Bank now owns 41,109 shares of the company’s stock worth $619,000 after buying an additional 517 shares during the period. Public Employees Retirement System of Ohio boosted its position in Umpqua Holdings Corporation by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 122,749 shares of the company’s stock worth $1,899,000 after buying an additional 744 shares during the period. Sii Investments Inc. WI boosted its position in Umpqua Holdings Corporation by 3.3% in the fourth quarter. Sii Investments Inc. WI now owns 27,466 shares of the company’s stock worth $516,000 after buying an additional 865 shares during the period. Finally, LS Investment Advisors LLC boosted its position in Umpqua Holdings Corporation by 7.1% in the third quarter. LS Investment Advisors LLC now owns 14,135 shares of the company’s stock worth $213,000 after buying an additional 940 shares during the period. Institutional investors own 87.77% of the company’s stock.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up 1.27% during trading on Tuesday, reaching $19.18. The company had a trading volume of 1,933,175 shares. The company has a market capitalization of $4.22 billion, a PE ratio of 18.27 and a beta of 1.07. Umpqua Holdings Corporation has a 52-week low of $14.42 and a 52-week high of $19.30. The stock has a 50 day moving average price of $18.55 and a 200-day moving average price of $16.89.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Umpqua Holdings Corporation had a net margin of 19.24% and a return on equity of 6.74%. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities research analysts anticipate that Umpqua Holdings Corporation will post $1.11 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research cut Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.36.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation is a financial 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.
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