In a report released today, Matthew Clark from Piper Jaffray reiterated a Sell rating on Umpqua Holdings (NASDAQ: UMPQ), with a price target of $20. The company’s shares opened today at $21.45.
According to TipRanks.com, Clark is a 3-star analyst with an average return of 4.8% and a 66.2% success rate. Clark covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp Inc, Heritage Financial Corp, and Cathay General Bancorp.
Currently, the analyst consensus on Umpqua Holdings is a Moderate Buy with an average price target of $24.14.
See today’s analyst top recommended stocks >>
Based on Umpqua Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $67.78 million. In comparison, last year the company had a net profit of $56.8 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Umpqua Holdings Corp. operates as a bank holding company, which provides banking & financial services. The company operates through followings segments: Commercial Bank, Wealth Management, Retail Bank and Home Lending.
