Todays Report: Today: Retirement Systems of Alabama Raises it position for Umpqua Holdings Corp. (UMPQ)

Today: Retirement Systems of Alabama Raises it position for Umpqua Holdings Corp. (UMPQ)

Retirement Systems of Alabama boosted its stake in shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,387 shares of the company’s stock after buying an additional 317 shares during the period. Retirement Systems of Alabama’s holdings in Umpqua Holdings Corp. were worth $4,399,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UMPQ. Nuveen Asset Management LLC raised its stake in shares of Umpqua Holdings Corp. by 7.5% in the first quarter. Nuveen Asset Management LLC now owns 97,901 shares of the company’s stock valued at $1,553,000 after buying an additional 6,863 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Umpqua Holdings Corp. by 6.1% in the first quarter. Geode Capital Management LLC now owns 1,826,464 shares of the company’s stock valued at $28,967,000 after buying an additional 104,581 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Umpqua Holdings Corp. by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,553,178 shares of the company’s stock valued at $24,634,000 after buying an additional 86,720 shares during the last quarter. AXA raised its stake in shares of Umpqua Holdings Corp. by 250.7% in the first quarter. AXA now owns 457,600 shares of the company’s stock valued at $7,258,000 after buying an additional 327,100 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Umpqua Holdings Corp. by 0.6% in the first quarter. UBS Group AG now owns 440,033 shares of the company’s stock valued at $6,978,000 after buying an additional 2,739 shares during the last quarter. Hedge funds and other institutional investors own 91.73% of the company’s stock.

Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) traded up 0.79% during trading on Friday, reaching $15.24. The company’s stock had a trading volume of 871,178 shares. The company has a 50 day moving average of $15.47 and a 200 day moving average of $15.58. Umpqua Holdings Corp. has a 12-month low of $13.46 and a 12-month high of $18.05. The company has a market cap of $3.36 billion, a PE ratio of 15.10 and a beta of 1.28.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.20%. Umpqua Holdings Corp.’s dividend payout ratio (DPR) is currently 62.75%.

Several brokerages have issued reports on UMPQ. Raymond James Financial Inc. upgraded Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research note on Thursday, August 25th. DA Davidson restated a “buy” rating and issued a $18.00 target price on shares of Umpqua Holdings Corp. in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Umpqua Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Wells Fargo & Co. lowered Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 11th. 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Umpqua Holdings Corp. currently has a consensus rating of “Hold” and a consensus target price of $17.69.

About Umpqua Holdings Corp.

Umpqua Holdings Corporation is a financial 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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