Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 43.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,468 shares of the bank’s stock after acquiring an additional 3,792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Umpqua were worth $259,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its stake in shares of Umpqua by 1.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 178,104 shares of the bank’s stock valued at $3,705,000 after acquiring an additional 2,384 shares in the last quarter. APG Asset Management N.V. bought a new position in Umpqua in the fourth quarter worth approximately $873,000. Tealwood Asset Management Inc. bought a new position in Umpqua in the fourth quarter worth approximately $3,829,000. Fox Run Management L.L.C. bought a new position in Umpqua in the fourth quarter worth approximately $256,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Umpqua by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock worth $36,260,000 after buying an additional 85,687 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.
Umpqua Holdings Corp (NASDAQ:UMPQ) opened at $22.28 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29. Umpqua Holdings Corp has a 1-year low of $16.65 and a 1-year high of $22.89. The stock has a market cap of $4,911.38, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The business had revenue of $292.60 million for the quarter, compared to analyst estimates of $293.80 million. During the same period in the previous year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. sell-side analysts anticipate that Umpqua Holdings Corp will post 1.36 EPS for the current fiscal year.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of Umpqua stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.
A number of equities analysts recently commented on UMPQ shares. BidaskClub downgraded shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 19th. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. SunTrust Banks reissued a “buy” rating and issued a $24.00 price objective on shares of Umpqua in a research note on Wednesday, November 29th. Barclays boosted their price objective on shares of Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Umpqua presently has an average rating of “Hold” and a consensus price target of $21.80.
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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.
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