Brandywine Global Investment Management LLC lifted its holdings in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 13.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 591,055 shares of the bank’s stock after purchasing an additional 71,617 shares during the period. Brandywine Global Investment Management LLC owned 0.27% of Umpqua worth $12,294,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. ArrowMark Colorado Holdings LLC grew its holdings in shares of Umpqua by 56.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 791,000 shares of the bank’s stock worth $16,453,000 after purchasing an additional 285,000 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Umpqua by 15.2% during the fourth quarter. Advisor Group Inc. now owns 21,859 shares of the bank’s stock valued at $454,000 after acquiring an additional 2,884 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of Umpqua during the fourth quarter valued at $2,059,000. BlueCrest Capital Management Ltd acquired a new position in shares of Umpqua during the fourth quarter valued at $2,157,000. Finally, Highland Capital Management LP acquired a new position in shares of Umpqua during the fourth quarter valued at $416,000. Institutional investors own 91.26% of the company’s stock.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $21.45, for a total value of $124,302.75. Following the transaction, the chief financial officer now owns 188,809 shares of the company’s stock, valued at $4,049,953.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm had revenue of $292.60 million for the quarter, compared to analyst estimates of $293.80 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. equities research analysts expect that Umpqua Holdings Corp will post 1.35 EPS for the current fiscal year.
Several brokerages have recently issued reports on UMPQ. BidaskClub raised Umpqua from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Finally, Hovde Group reaffirmed a “hold” rating and set a $22.50 price target on shares of Umpqua in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Umpqua presently has a consensus rating of “Hold” and a consensus price target of $21.80.
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Umpqua 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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