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Umpqua Holdings (UMPQ) Receives a Hold from Wedbush

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Wedbush analyst David Chiaverini maintained a Hold rating on Umpqua Holdings (UMPQResearch Report) today and set a price target of $22.00. The company’s shares closed last Friday at $20.61.

According to TipRanks.com, Chiaverini is a 5-star analyst with an average return of 22.3% and a 66.2% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Cathay General Bancorp, Svb Financial Group, and Silvergate Capital.

Currently, the analyst consensus on Umpqua Holdings is a Hold with an average price target of $21.33.

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Based on Umpqua Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $309 million and net profit of $108 million. In comparison, last year the company earned revenue of $348 million and had a net profit of $125 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. The Commercial Bank Segment includes lending, treasury and cash management services and customer risk management products to small businesses, middle market and larger commercial customers and includes the operations of Financial Pacific Leasing Inc., a commercial leasing company. The Wealth Management Segment consists of the operations of Umpqua Investments, which offers a full range of retail brokerage and investment advisory services and products to its clients who consist primarily of individual investors, and Umpqua private bank, which serves high net worth individuals with liquid investable assets and provides customized financial solutions and offerings. The Retail Bank Segment includes retail lending and deposit services for customers served through the Bank’s store network. The Home Lending Segment operates as a division of the Bank, originates, sells and services residential mortgage loans. It also offers loans, checking, overdraft services, debit cards, online banking and credit cards. The company was founded in March 1999 and is headquartered in Portland, OR.

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