Umpqua Holdings Corporation (UMPQ) Short Interest Update
Umpqua Holdings Corporation (NASDAQ:UMPQ) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,170,187 shares, an increase of 33.3% from the August 15th total of 3,127,813 shares. Based on an average daily trading volume, of 833,837 shares, the short-interest ratio is presently 5.0 days. Approximately 1.9% of the shares of the company are short sold.
Umpqua Holdings Corporation (UMPQ) opened at 18.17 on Friday. The firm’s 50-day moving average is $17.73 and its 200-day moving average is $17.90. Umpqua Holdings Corporation has a 1-year low of $14.78 and a 1-year high of $19.50. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 17.14 and a beta of 1.12.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same quarter last year, the business earned $0.25 EPS. On average, equities analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.96%. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is 60.38%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Umpqua Holdings Corporation by 17,820.5% during the 1st quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after purchasing an additional 24,267,359 shares in the last quarter. Vanguard Group Inc. increased its position in Umpqua Holdings Corporation by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock valued at $348,335,000 after acquiring an additional 205,163 shares in the last quarter. Capital World Investors increased its position in Umpqua Holdings Corporation by 6.6% in the 2nd quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after acquiring an additional 944,594 shares in the last quarter. State Street Corp increased its position in Umpqua Holdings Corporation by 10.8% in the 1st quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock valued at $235,592,000 after acquiring an additional 1,294,031 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C increased its position in Umpqua Holdings Corporation by 12.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock valued at $197,288,000 after acquiring an additional 1,219,722 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Stephens reissued a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 target price on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a research note on Monday, July 10th. Finally, Wedbush assumed coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Umpqua Holdings Corporation currently has an average rating of “Hold” and a consensus price target of $20.17.
Umpqua Holdings Corporation Company Profile
Umpqua Holdings Corporation is a bank 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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