Stephens analyst Tyler Stafford assigned a Hold rating to Umpqua Holdings (UMPQ) yesterday and set a price target of $20. The company’s shares opened today at $17.35.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.5% and a 52.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pinnacle Financial Partners.
Currently, the analyst consensus on Umpqua Holdings is a Moderate Buy with an average price target of $21.25, implying a 22.5% upside from current levels. In a report issued on January 10, Barclays also maintained a Hold rating on the stock with a $21 price target.
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Based on Umpqua Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $80.31 million. In comparison, last year the company had a net profit of $82.83 million.
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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.
