Principal Financial Group Inc. boosted its position in shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) by 9.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,695,515 shares of the company’s stock after buying an additional 147,538 shares during the period. Principal Financial Group Inc. owned approximately 0.77% of Umpqua Holdings Corp. worth $25,518,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Creative Planning boosted 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 during 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. Bbva Compass Bancshares Inc. purchased a new stake in shares of Umpqua Holdings Corp. during the second quarter worth about $188,000. LS Investment Advisors LLC boosted its stake in shares of Umpqua Holdings Corp. by 72.2% in the second quarter. LS Investment Advisors LLC now owns 13,195 shares of the company’s stock worth $204,000 after buying an additional 5,534 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Umpqua Holdings Corp. during the third quarter worth about $201,000. 89.19% of the stock is currently owned by institutional investors.
Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 18.10 on Thursday. Umpqua Holdings Corp. has a one year low of $13.46 and a one year high of $19.30. The stock’s 50 day moving average is $18.79 and its 200 day moving average is $16.50. The company has a market capitalization of $3.99 billion, a PE ratio of 17.61 and a beta of 1.04.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Wednesday, December 28th. Umpqua Holdings Corp.’s dividend payout ratio is currently 61.54%.
Separately, Zacks Investment Research raised shares of Umpqua Holdings Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, December 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.19.
About Umpqua Holdings Corp.
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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