The Vanguard Group Inc. Acquires 798,146 Shares of Umpqua Holdings Corp. (UMPQ)

The Vanguard Group Inc. Acquires 798,146 Shares of Umpqua Holdings Corp. (UMPQ)

Vanguard Group Inc. raised its position in Umpqua Holdings Corp. (NASDAQ:UMPQ) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,537,953 shares of the company’s stock after buying an additional 798,146 shares during the period. Vanguard Group Inc. owned approximately 7.50% of Umpqua Holdings Corp. worth $255,842,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UMPQ. Aperio Group LLC increased its position in shares of Umpqua Holdings Corp. by 63.8% in the first quarter. Aperio Group LLC now owns 39,618 shares of the company’s stock valued at $628,000 after buying an additional 15,430 shares in the last quarter. Ngam Advisors L.P. increased its position in shares of Umpqua Holdings Corp. by 10.1% in the first quarter. Ngam Advisors L.P. now owns 32,436 shares of the company’s stock valued at $514,000 after buying an additional 2,975 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Umpqua Holdings Corp. by 186.8% in the first quarter. Prudential Financial Inc. now owns 778,049 shares of the company’s stock valued at $12,340,000 after buying an additional 506,800 shares in the last quarter. BlackRock Group LTD increased its position in shares of Umpqua Holdings Corp. by 0.6% in the first quarter. BlackRock Group LTD now owns 501,990 shares of the company’s stock valued at $7,962,000 after buying an additional 3,151 shares in the last quarter. Finally, BlackRock Japan Co. Ltd increased its position in shares of Umpqua Holdings Corp. by 19.7% in the first quarter. BlackRock Japan Co. Ltd now owns 23,864 shares of the company’s stock valued at $378,000 after buying an additional 3,929 shares in the last quarter. Institutional investors and hedge funds own 91.73% of the company’s stock.

Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 15.22 on Thursday. The company’s 50-day moving average is $15.52 and its 200-day moving average is $15.59. The company has a market cap of $3.35 billion, a P/E ratio of 15.08 and a beta of 1.28. Umpqua Holdings Corp. has a 12 month low of $13.46 and a 12 month high of $18.05.

Umpqua Holdings Corp. (NASDAQ:UMPQ) last posted its earnings results on Wednesday, July 20th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Umpqua Holdings Corp. had a net margin of 18.90% and a return on equity of 6.77%. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities research analysts expect that Umpqua Holdings Corp. will post $1.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio (DPR) is 62.75%.

UMPQ has been the topic of several analyst reports. Raymond James Financial Inc. upgraded shares of Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and dropped their target price for the stock from $18.00 to $17.00 in a research note on Friday, July 8th. Citigroup Inc. downgraded shares of Umpqua Holdings Corp. to an “outperform” rating in a research note on Thursday, July 7th. Piper Jaffray Cos. reiterated an “underweight” rating and issued a $13.50 target price on shares of Umpqua Holdings Corp. in a research note on Friday, June 17th. Zacks Investment Research downgraded shares of Umpqua Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Umpqua Holdings Corp. in a research note on Saturday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.69.

Umpqua Holdings Corp. Company Profile

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