BlackRock Inc. Sells 337,001 Shares of Umpqua Holdings Co. (NASDAQ:UMPQ)

BlackRock Inc. lessened its position in Umpqua Holdings Co. (NASDAQ:UMPQ – Get Rating) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,490,744 shares of the bank’s stock after selling 337,001 shares during the quarter. BlackRock Inc. owned about 8.98% of Umpqua worth $333,096,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in Umpqua by 0.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 121,058 shares of the bank’s stock worth $2,030,000 after acquiring an additional 549 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Umpqua by 2.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 23,982 shares of the bank’s stock worth $452,000 after acquiring an additional 604 shares during the period. Bessemer Group Inc. raised its holdings in Umpqua by 65.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,572 shares of the bank’s stock worth $27,000 after acquiring an additional 622 shares during the period. Raymond James Trust N.A. raised its holdings in Umpqua by 6.1% in the 3rd quarter. Raymond James Trust N.A. now owns 11,770 shares of the bank’s stock worth $201,000 after acquiring an additional 680 shares during the period. Finally, Signaturefd LLC raised its holdings 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 acquiring an additional 776 shares during the period. Institutional investors own 90.34% of the company’s stock.

Umpqua Stock Performance

NASDAQ UMPQ opened at $17.66 on Friday. 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’s fifty day moving average is $17.95 and its two-hundred day moving average is $18.31. Umpqua Holdings Co. has a 52-week low of $15.77 and a 52-week high of $21.50. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 11.39 and a beta of 0.97.

Umpqua (NASDAQ:UMPQ – Get Rating) last issued its earnings results on Monday, January 23rd. The bank reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Umpqua had a net margin of 24.99% and a return on equity of 14.96%. The business had revenue of $387.13 million for the quarter, compared to analyst estimates of $350.20 million. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Umpqua Holdings Co. will post 2.33 EPS for the current year.

Umpqua Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 6th. Stockholders of record on Monday, January 23rd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, January 20th. This represents a $0.84 annualized dividend and a dividend yield of 4.76%. Umpqua’s dividend payout ratio (DPR) is currently 54.19%.

Wall Street Analyst Weigh In

UMPQ has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of Umpqua from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $22.00 in a research report on Thursday, December 15th. StockNews.com initiated coverage on shares of Umpqua in a research report on Friday. They issued a “sell” rating on the stock.

Umpqua Profile

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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.