Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus target price of $31.00 for the company and are forecasting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 113 out of 265 based on the ratings given to related companies.
PUB has been the subject of several recent research reports. BidaskClub raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th.
Peoples Utah Bancorp (NASDAQ:PUB) traded down $0.05 during trading on Wednesday, hitting $30.55. 15,521 shares of the stock traded hands, compared to its average volume of 17,399. Peoples Utah Bancorp has a 52 week low of $23.95 and a 52 week high of $33.60. The firm has a market capitalization of $551.59, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.67 and a beta of 0.98.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, November 3rd. Peoples Utah Bancorp’s payout ratio is 25.53%.
In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $27.67, for a total transaction of $276,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $30.60, for a total transaction of $574,331.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,215 shares of company stock valued at $3,650,986. Company insiders own 25.21% of the company’s stock.
A number of hedge funds have recently made changes to their positions in PUB. Davis Capital Partners LLC grew its holdings in Peoples Utah Bancorp by 68.7% during the 3rd quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after acquiring an additional 167,536 shares in the last quarter. John W. Rosenthal Capital Management Inc. acquired a new position in Peoples Utah Bancorp during the 3rd quarter worth $2,596,000. Dimensional Fund Advisors LP grew its holdings in Peoples Utah Bancorp by 42.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after acquiring an additional 38,923 shares in the last quarter. State Street Corp grew its holdings in Peoples Utah Bancorp by 14.4% during the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after acquiring an additional 28,411 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Peoples Utah Bancorp during the 3rd quarter worth $785,000. 31.82% of the stock is owned by institutional investors.
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Peoples Utah Bancorp Company Profile
People’s Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, two residential mortgage offices and other support facilities operated through its banking subsidiary, People’s Intermountain Bank (PIB or the Bank). The Company provides full-service retail banking in the state of Utah, including a range of banking and related services to locally owned businesses, professional firms, real-estate developers, residential home builders, high net-worth individuals, investors and other customers.
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