Forest Hill Capital LLC grew its position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 462,368 shares of the bank’s stock after acquiring an additional 5,000 shares during the quarter. Umpqua makes up 2.7% of Forest Hill Capital LLC’s holdings, making the stock its 18th largest holding. Forest Hill Capital LLC’s holdings in Umpqua were worth $9,617,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UMPQ. Nationwide Fund Advisors lifted its holdings in shares of Umpqua by 8.3% during the 3rd quarter. Nationwide Fund Advisors now owns 727,102 shares of the bank’s stock valued at $14,186,000 after buying an additional 56,021 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Umpqua during the 3rd quarter valued at $373,000. Canada Pension Plan Investment Board lifted its holdings in shares of Umpqua by 40.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 77,100 shares of the bank’s stock valued at $1,504,000 after buying an additional 22,300 shares during the period. American Century Companies Inc. bought a new position in shares of Umpqua during the 3rd quarter valued at $8,820,000. Finally, FDx Advisors Inc. lifted its holdings in shares of Umpqua by 32.3% during the 3rd quarter. FDx Advisors Inc. now owns 29,755 shares of the bank’s stock valued at $581,000 after buying an additional 7,258 shares during the period. 91.26% of the stock is currently owned by hedge funds and other institutional investors.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total value of $124,302.75. Following the completion of the sale, the chief financial officer now owns 188,809 shares in the company, valued at approximately $4,049,953.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
Umpqua Holdings Corp (NASDAQ:UMPQ) opened at $22.63 on Wednesday. Umpqua Holdings Corp has a twelve month low of $16.65 and a twelve month high of $23.18. The company has a market capitalization of $5,032.63, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.99 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, topping the Zacks’ 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 company had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $293.80 million. During the same period last year, the firm earned $0.27 EPS. Umpqua’s revenue for the quarter was down 4.5% compared to the same quarter last year. analysts anticipate that Umpqua Holdings Corp will post 1.35 earnings per share for the current year.
Several research firms have recently weighed in on UMPQ. BidaskClub raised Umpqua from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Zacks Investment Research cut Umpqua from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Hovde Group reaffirmed a “hold” rating and issued a $22.50 target price on shares of Umpqua in a report on Tuesday, February 6th. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Umpqua currently has an average rating of “Hold” and a consensus target price of $21.80.
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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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