Peregrine Capital Management LLC boosted its position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 419,523 shares of the bank’s stock after purchasing an additional 6,000 shares during the period. Peregrine Capital Management LLC’s holdings in Umpqua were worth $4,464,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in UMPQ. Norges Bank bought a new position in Umpqua during the 4th quarter valued at about $45,752,000. FMR LLC raised its stake in shares of Umpqua by 1,322.7% in the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock worth $26,705,000 after acquiring an additional 1,504,734 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of Umpqua in the first quarter worth about $16,391,000. Macquarie Group Ltd. raised its stake in shares of Umpqua by 20.3% in the fourth quarter. Macquarie Group Ltd. now owns 8,713,072 shares of the bank’s stock worth $154,222,000 after acquiring an additional 1,472,878 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Umpqua by 9.1% in the first quarter. State Street Corp now owns 7,869,311 shares of the bank’s stock worth $87,430,000 after acquiring an additional 658,367 shares during the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on UMPQ shares. Stephens reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Umpqua in a research note on Sunday, June 14th. TheStreet downgraded shares of Umpqua from a “c” rating to a “d” rating in a research note on Tuesday, May 12th. ValuEngine raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. DA Davidson dropped their price target on shares of Umpqua from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $13.00 price target on shares of Umpqua in a research note on Sunday, June 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.57.
Shares of NASDAQ UMPQ opened at $10.85 on Friday. The stock has a market cap of $2.39 billion, a P/E ratio of 12.47 and a beta of 1.24. The firm has a 50 day moving average price of $10.83 and a 200 day moving average price of $12.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.98 and a current ratio of 1.00. Umpqua Holdings Corp has a 52-week low of $8.88 and a 52-week high of $18.94.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. The firm had revenue of $327.98 million during the quarter, compared to analysts’ expectations of $306.55 million. Umpqua had a net margin of 13.68% and a return on equity of 5.65%. Analysts predict that Umpqua Holdings Corp will post 0.7 earnings per share for the current fiscal year.
Umpqua Company Profile
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
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