Insider Selling: Umpqua Holdings Corporation (UMPQ) Insider Sells 36,829 Shares of Stock
Umpqua Holdings Corporation (NASDAQ:UMPQ) insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded down 2.29% on Monday, reaching $20.50. The company’s stock had a trading volume of 1,072,901 shares. Umpqua Holdings Corporation has a 52 week low of $14.77 and a 52 week high of $20.98. The stock has a market capitalization of $4.51 billion, a P/E ratio of 19.34 and a beta of 1.14. The firm has a 50 day moving average price of $19.54 and a 200 day moving average price of $18.35.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analyst estimates of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, equities analysts anticipate that Umpqua Holdings Corporation will post $1.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 3.51%. Umpqua Holdings Corporation’s payout ratio is presently 67.93%.
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Several large investors have recently bought and sold shares of UMPQ. HighTower Advisors LLC acquired a new position in Umpqua Holdings Corporation in the 2nd quarter worth $203,000. Oregon Public Employees Retirement Fund lifted its holdings in Umpqua Holdings Corporation by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 80,948 shares of the bank’s stock worth $1,486,000 after buying an additional 3,397 shares in the last quarter. Brookstone Capital Management acquired a new position in Umpqua Holdings Corporation in the 2nd quarter worth $285,000. Paragon Capital Management Ltd acquired a new position in Umpqua Holdings Corporation in the 2nd quarter worth $255,000. Finally, Legal & General Group Plc lifted its holdings in Umpqua Holdings Corporation by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock worth $4,614,000 after buying an additional 31,336 shares in the last quarter. Institutional investors and hedge funds own 87.80% of the company’s stock.
Several research analysts have recently weighed in on the company. Barclays PLC boosted their target price on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Wells Fargo & Company boosted their target price on Umpqua Holdings Corporation from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Monday, October 16th. Piper Jaffray Companies reiterated a “sell” rating and issued a $16.50 price objective on shares of Umpqua Holdings Corporation in a report on Wednesday, October 4th. Finally, Zacks Investment Research cut Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.72.
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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