AlphaCrest Capital Management LLC Purchases Shares of 43,136 Umpqua Holdings Co. (NASDAQ:UMPQ)

AlphaCrest Capital Management LLC acquired a new position in Umpqua Holdings Co. (NASDAQ:UMPQ – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 43,136 shares of the bank’s stock, valued at approximately $737,000.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Umpqua by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 121,058 shares of the bank’s stock valued at $2,030,000 after buying an additional 549 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Umpqua by 2.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 23,982 shares of the bank’s stock worth $452,000 after purchasing an additional 604 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Umpqua by 65.5% during the third quarter. Bessemer Group Inc. now owns 1,572 shares of the bank’s stock valued at $27,000 after purchasing an additional 622 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Umpqua by 6.1% in the 3rd quarter. Raymond James Trust N.A. now owns 11,770 shares of the bank’s stock valued at $201,000 after purchasing an additional 680 shares during the period. Finally, Signaturefd LLC increased its stake in Umpqua by 38.9% in the 3rd quarter. Signaturefd LLC now owns 2,770 shares of the bank’s stock worth $47,000 after purchasing an additional 776 shares in the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

Umpqua Stock Performance

Shares of NASDAQ UMPQ opened at $17.66 on Wednesday. Umpqua Holdings Co. has a one year low of $15.77 and a one year high of $21.50. The business’s 50-day moving average price is $17.95 and its two-hundred day moving average price is $18.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $3.83 billion, a P/E ratio of 11.39 and a beta of 0.97.

Umpqua (NASDAQ:UMPQ – Get Rating) last released its quarterly earnings data on Monday, January 23rd. The bank reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The firm had revenue of $387.13 million during the quarter, compared to analyst estimates of $350.20 million. Umpqua had a return on equity of 14.96% and a net margin of 24.99%. During the same quarter in the prior year, the company posted $0.41 EPS. Analysts anticipate that Umpqua Holdings Co. will post 2.33 earnings per share for the current fiscal year.

Umpqua Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 6th. Investors of record on Monday, January 23rd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, January 20th. Umpqua’s payout ratio is presently 54.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UMPQ shares. StockNews.com lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, January 25th. Wells Fargo & Company upgraded shares of Umpqua from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $20.00 to $22.00 in a research report on Thursday, December 15th.

About Umpqua

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Umpqua Holdings Corp. operates as a bank holding company, which provides banking and financial services. The firm operates through the following segments: Wholesale Bank, Wealth Management, Retail Bank and Home Lending. The Wholesale Bank segment includes lending, treasury and cash management services and customer risk management products to middle market corporate, commercial and business banking customers and the operations of FinPac.