Great West Life Assurance Co. Can increased its position in Umpqua Holdings Corp. (NASDAQ:UMPQ) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,764 shares of the company’s stock after buying an additional 2,717 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Umpqua Holdings Corp. worth $1,951,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in UMPQ. Creative Planning increased its stake in Umpqua Holdings Corp. by 16.9% in the second quarter. Creative Planning now owns 8,318 shares of the company’s stock worth $129,000 after buying an additional 1,200 shares during the last quarter. Stevens Capital Management LP bought a new stake in Umpqua Holdings Corp. during the second quarter worth about $158,000. 1st Global Advisors Inc. increased its stake in Umpqua Holdings Corp. by 4.1% in the second quarter. 1st Global Advisors Inc. now owns 10,633 shares of the company’s stock worth $164,000 after buying an additional 423 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Umpqua Holdings Corp. during the second quarter worth about $171,000. Finally, Aspen Investment Management Inc bought a new stake in Umpqua Holdings Corp. during the second quarter worth about $184,000. Institutional investors own 89.66% of the company’s stock.
Umpqua Holdings Corp. (NASDAQ:UMPQ) traded up 0.56% on Friday, reaching $17.97. 542,424 shares of the company were exchanged. The stock has a 50 day moving average of $16.08 and a 200 day moving average of $15.67. The firm has a market capitalization of $3.96 billion, a PE ratio of 17.48 and a beta of 0.95. Umpqua Holdings Corp. has a 12-month low of $13.46 and a 12-month high of $18.50.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Umpqua Holdings Corp. had a net margin of 19.06% and a return on equity of 6.93%. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities analysts anticipate that Umpqua Holdings Corp. will post $1.04 EPS for the current year.
UMPQ has been the topic of a number of recent research reports. Raymond James Financial Inc. upgraded shares of Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Thursday, August 25th. DA Davidson restated a “buy” rating and set a $18.00 price target on shares of Umpqua Holdings Corp. in a report on Tuesday, August 23rd. Finally, Zacks Investment Research upgraded shares of Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th. One equities 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 company. The stock has an average rating of “Hold” and an average 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.