UBS Oconnor LLC bought a new position in Umpqua Holdings Corp. (NASDAQ:UMPQ) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 161,425 shares of the company’s stock, valued at approximately $2,429,000.
A number of other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Umpqua Holdings Corp. by 12.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,206 shares of the company’s stock worth $108,000 after buying an additional 793 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Umpqua Holdings Corp. by 136.4% in the third quarter. Acrospire Investment Management LLC now owns 7,772 shares of the company’s stock worth $117,000 after buying an additional 4,485 shares in the last quarter. Creative Planning raised its stake in shares of Umpqua Holdings Corp. by 15.5% in the third quarter. Creative Planning now owns 9,609 shares of the company’s stock worth $145,000 after buying an additional 1,291 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Umpqua Holdings Corp. during the second quarter worth about $158,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Umpqua Holdings Corp. during the second quarter worth about $188,000. Hedge funds and other institutional investors own 89.19% of the company’s stock.
Umpqua Holdings Corp. (NASDAQ:UMPQ) traded down 0.39% on Thursday, hitting $18.03. The company’s stock had a trading volume of 1,054,314 shares. The firm has a 50 day moving average of $18.79 and a 200-day moving average of $16.50. The stock has a market cap of $3.97 billion, a PE ratio of 17.54 and a beta of 1.04. Umpqua Holdings Corp. has a 12 month low of $13.46 and a 12 month high of $19.30.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 3.55%. Umpqua Holdings Corp.’s dividend payout ratio is currently 61.54%.
Separately, Zacks Investment Research raised Umpqua Holdings Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, December 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Umpqua Holdings Corp. presently has a consensus rating of “Buy” and a consensus price target of $18.19.
Umpqua Holdings Corp. Company Profile
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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