The share price of the company (NASDAQ:UMPQ) was up +3.23%, with a high of 20.82 during the day and the volume of Umpqua Holdings Corporation shares traded was 2731690. The fund owned 38,366 shares of the bank's stock after selling 50,082 shares during the quarter.
Investors are a little more bullish on shares of Umpqua Holdings Corporation lately as evidenced by the fall in short interest. The dividend payment was $0.180 per share for the quarter or $0.72 annualized. The latest exchange of 9.28 Million shares is above its average trading activity of 14.11 Million shares. Days to cover increased from 3.0 to 4.0 and the short interest percentage is 0.02% as of September 29. For this stock, the chart has a lot to say about future performance. As of the end of the quarter Louisiana State Employees Retirement System had bought 1,300 shares growing its holdings by 2.3%. World Asset Management Inc increased its stake in shares of Umpqua Holdings Corporation by 2.1% during the 2nd quarter. Aew Capital Management LP sold 99,563 shares as Taubman Centers Inc (TCO)'s stock declined 11.85%. Institutional investors own 87.77% of the company's stock. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The correct version of this piece can be read at https://stocknewstimes.com/2017/10/19/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-umpqua-holdings-corporation-umpq-share-price.html. Recently, investment analysts covering the stock have updated the mean rating to 3.4. Zacks Investment Research cut shares of Umpqua Holdings Corporation from a "buy" rating to a "hold" rating in a research note on Wednesday, July 26th. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. They set a "buy" rating and a $20.00 target price on the stock. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a "buy" rating to a "hold" rating in a research note on Wednesday, July 26th. ValuEngine upgraded shares of Umpqua Holdings Corporation from a "hold" rating to a "buy" rating in a research report on Monday, September 18th.
SunTrust Robinson Humphrey added UMPQ to its research portfolio with an initial rating of "Buy". Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Umpqua Holdings Corporation earned a media sentiment score of 0.17 on Accern's scale.
The most current P/E ratio is 19.73 and market capitalization is 4.60B.
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Umpqua Holdings Corporation is a bank holding company. The firm has a 50 day moving average of $18.95 and a 200-day moving average of $18.17. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. After $0.86 actual EPS reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts 8.14% EPS growth.
Most recently Umpqua Holdings Corporation (NASDAQ:UMPQ) posted quarterly earnings of $0.3 which compared to the sell-side estimates of 0.29. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. The dividend yield was $3.66. More interesting news about Umpqua Holdings Corp (NASDAQ:UMPQ) were released by: Globenewswire.com and their article: "Umpqua Holdings Corporation Names Dave Shotwell Chief Risk Officer" published on September 20, 2017 as well as Nasdaq.com's news article titled: "Umpqua Holdings Corporation (UMPQ) Ex-Dividend Date Scheduled for September 29 ..." with publication date: September 28, 2017. Umpqua Holdings Corporation's dividend payout ratio (DPR) is now 67.93%.
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