Mutual of America Capital Management LLC Buys 3,754 Shares of Umpqua Holdings Co. (NASDAQ:UMPQ)

Mutual of America Capital Management LLC grew its stake in shares of Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) by 1.9% during the first quarter, HoldingsChannel reports. The firm owned 197,550 shares of the bank’s stock after purchasing an additional 3,754 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Umpqua were worth $3,726,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UMPQ. Strs Ohio boosted its stake in shares of Umpqua by 14.0% during the 4th quarter. Strs Ohio now owns 97,178 shares of the bank’s stock valued at $1,869,000 after purchasing an additional 11,908 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Umpqua by 9.6% during the 4th quarter. New York State Teachers Retirement System now owns 312,830 shares of the bank’s stock valued at $6,019,000 after purchasing an additional 27,510 shares in the last quarter. Van ECK Associates Corp bought a new stake in Umpqua during the fourth quarter worth about $111,000. Brown Advisory Inc. bought a new stake in Umpqua during the fourth quarter worth about $481,000. Finally, Janney Montgomery Scott LLC boosted its stake in Umpqua by 2.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 141,489 shares of the bank’s stock worth $2,722,000 after acquiring an additional 2,938 shares in the last quarter. Institutional investors own 87.58% of the company’s stock.

Umpqua Trading Down 0.3 %

Shares of NASDAQ UMPQ opened at $17.23 on Wednesday. The firm’s 50 day moving average price is $17.09 and its 200-day moving average price is $18.67. The company has a market cap of $3.74 billion, a PE ratio of 10.26 and a beta of 1.00. Umpqua Holdings Co. has a 52-week low of $15.77 and a 52-week high of $22.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.96.

Umpqua (NASDAQ:UMPQGet Rating) last issued its earnings results on Wednesday, July 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $303.41 million during the quarter, compared to the consensus estimate of $298.36 million. Umpqua had a return on equity of 13.88% and a net margin of 28.88%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. On average, equities research analysts expect that Umpqua Holdings Co. will post 1.7 EPS for the current fiscal year.

Umpqua Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.88%. This is a boost from Umpqua’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, July 29th. Umpqua’s payout ratio is presently 50.00%.

Insider Activity

In related news, Director Luis Machuca acquired 7,600 shares of the firm’s stock in a transaction dated Thursday, April 28th. The stock was purchased at an average cost of $17.29 per share, with a total value of $131,404.00. Following the completion of the acquisition, the director now directly owns 70,718 shares of the company’s stock, valued at $1,222,714.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on UMPQ. Wedbush boosted their price objective on shares of Umpqua to $19.00 in a research note on Friday, July 22nd. TheStreet lowered shares of Umpqua from a “b-” rating to a “c+” rating in a research note on Friday, June 17th. StockNews.com began coverage on shares of Umpqua in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Truist Financial boosted their price objective on shares of Umpqua to $19.00 in a research note on Monday. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.25.

Umpqua Profile

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Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Umpqua (NASDAQ:UMPQ)

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