Toronto Dominion Bank raised its stake in Umpqua Holdings Co. (NASDAQ:UMPQ – Get Rating) by 2,123.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,401 shares of the bank’s stock after acquiring an additional 98,750 shares during the quarter. Toronto Dominion Bank’s holdings in Umpqua were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clean Yield Group increased its position in Umpqua by 0.3% in the 4th quarter. Clean Yield Group now owns 157,139 shares of the bank’s stock valued at $3,023,000 after acquiring an additional 495 shares in the last quarter. US Bancorp DE raised its holdings in shares of Umpqua by 0.8% in the third quarter. US Bancorp DE now owns 69,662 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 559 shares during the last quarter. Raymond James & Associates increased its holdings in Umpqua by 3.5% during the third quarter. Raymond James & Associates now owns 16,931 shares of the bank’s stock worth $343,000 after buying an additional 572 shares during the last quarter. CI Investments Inc. increased its holdings in Umpqua by 8.1% during the third quarter. CI Investments Inc. now owns 7,901 shares of the bank’s stock worth $160,000 after buying an additional 591 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Umpqua by 16.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,454 shares of the bank’s stock worth $86,000 after buying an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.
Shares of Umpqua stock opened at $18.44 on Friday. The firm has a 50-day moving average of $19.65 and a 200-day moving average of $20.06. The stock has a market cap of $3.99 billion, a PE ratio of 9.60 and a beta of 1.00. Umpqua Holdings Co. has a 52-week low of $17.04 and a 52-week high of $22.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.93 and a current ratio of 0.94.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Tuesday, February 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.56%. Umpqua’s payout ratio is presently 43.75%.
A number of equities analysts recently weighed in on UMPQ shares. StockNews.com started coverage on shares of Umpqua in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Umpqua from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 31st. Wells Fargo & Company cut shares of Umpqua from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $24.00 to $20.00 in a research report on Tuesday, January 4th. Finally, Keefe, Bruyette & Woods started coverage on shares of Umpqua in a research report on Friday, February 11th. They set a “market perform” rating for the company. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Umpqua currently has an average rating of “Hold” and an average price target of $20.90.
In related news, CEO Cort L. O’haver sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ron L. Farnsworth sold 7,000 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $20.49, for a total transaction of $143,430.00. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Umpqua Profile (Get Rating)
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. 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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