ING Groep NV reduced its position in Umpqua Holdings Corp (NASDAQ:UMPQ) by 31.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,528 shares of the bank’s stock after selling 8,441 shares during the period. ING Groep NV’s holdings in Umpqua were worth $385,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of UMPQ. Zions Bancorporation acquired a new stake in Umpqua in the 3rd quarter valued at about $121,000. Calton & Associates Inc. acquired a new stake in Umpqua during the fourth quarter worth approximately $195,000. HighTower Advisors LLC acquired a new stake in Umpqua during the second quarter worth approximately $203,000. Merriman Wealth Management LLC acquired a new stake in Umpqua during the third quarter worth approximately $220,000. Finally, Fox Run Management L.L.C. acquired a new stake in Umpqua during the fourth quarter worth approximately $256,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Zacks Investment Research downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Hovde Group reaffirmed a “hold” rating and set a $22.50 target price on shares of Umpqua in a report on Tuesday, February 6th. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.80.
Umpqua Holdings Corp (NASDAQ:UMPQ) opened at $22.51 on Wednesday. The stock has a market cap of $4,867.30, a P/E ratio of 20.44, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97. Umpqua Holdings Corp has a one year low of $16.65 and a one year high of $22.89.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The business had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $293.80 million. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. equities analysts anticipate that Umpqua Holdings Corp will post 1.35 EPS for the current fiscal year.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of Umpqua stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total value of $124,302.75. Following the transaction, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at $4,049,953.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.
Umpqua Holdings Corporation is a bank 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.