Forest Hill Capital LLC increased its stake in Umpqua Holdings Corp (NASDAQ:UMPQ) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 462,368 shares of the bank’s stock after buying an additional 5,000 shares during the period. Umpqua accounts for about 2.7% of Forest Hill Capital LLC’s holdings, making the stock its 18th largest holding. Forest Hill Capital LLC owned 0.21% of Umpqua worth $9,617,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in shares of Umpqua in the 3rd quarter worth approximately $121,000. Advisory Services Network LLC grew its stake in shares of Umpqua by 654.2% in the 4th quarter. Advisory Services Network LLC now owns 8,643 shares of the bank’s stock worth $180,000 after buying an additional 7,497 shares during the last quarter. Calton & Associates Inc. purchased a new stake in shares of Umpqua in the 4th quarter worth approximately $195,000. First Republic Investment Management Inc. purchased a new stake in shares of Umpqua in the 4th quarter worth approximately $210,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Umpqua in the 4th quarter worth approximately $256,000. Institutional investors own 91.26% of the company’s stock.
Several analysts recently weighed in on the company. BidaskClub upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. 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. ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks restated a “buy” rating and issued a $24.00 price target on shares of Umpqua in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Umpqua currently has a consensus rating of “Hold” and an average price target of $21.80.
Umpqua Holdings Corp (NASDAQ:UMPQ) opened at $22.63 on Wednesday. The stock has a market capitalization of $5,032.63, a P/E ratio of 20.03, a P/E/G ratio of 1.99 and a beta of 1.08. Umpqua Holdings Corp has a 12-month low of $16.65 and a 12-month high of $23.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. The business had revenue of $292.60 million for the quarter, compared to analysts’ expectations of $293.80 million. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. equities analysts anticipate that Umpqua Holdings Corp will post 1.35 earnings per share for the current fiscal year.
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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