Peoples Utah Bancorp (PUB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been given a consensus broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Analysts have set a 12 month consensus price target of $34.00 for the company and are forecasting that the company will post $0.52 EPS for the current quarter, according to Zacks. Zacks has also assigned Peoples Utah Bancorp an industry rank of 78 out of 255 based on the ratings given to related companies.

PUB has been the subject of several recent analyst reports. BidaskClub upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Zacks Investment Research cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, ValuEngine upgraded shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd.

Peoples Utah Bancorp opened at $35.70 on Tuesday, MarketBeat reports. Peoples Utah Bancorp has a twelve month low of $26.00 and a twelve month high of $38.70. The stock has a market cap of $666.88 million, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.18 and a beta of 0.93.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Wednesday, April 25th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Peoples Utah Bancorp had a net margin of 20.37% and a return on equity of 12.18%. The company had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $28.97 million. sell-side analysts expect that Peoples Utah Bancorp will post 2.05 earnings per share for the current year.

In other news, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $30.95, for a total value of $52,615.00. Following the completion of the sale, the director now directly owns 57,876 shares of the company’s stock, valued at $1,791,262.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $32.04, for a total transaction of $64,080.00. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock valued at $815,478 over the last three months. 18.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PUB. Wells Fargo & Company MN raised its position in Peoples Utah Bancorp by 8.9% during the first quarter. Wells Fargo & Company MN now owns 22,560 shares of the bank’s stock valued at $728,000 after acquiring an additional 1,842 shares in the last quarter. Cardinal Capital Management LLC CT raised its position in Peoples Utah Bancorp by 25.6% during the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock valued at $327,000 after acquiring an additional 2,200 shares in the last quarter. Forest Hill Capital LLC raised its position in Peoples Utah Bancorp by 0.6% during the fourth quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock valued at $12,623,000 after acquiring an additional 2,500 shares in the last quarter. New York State Common Retirement Fund raised its position in Peoples Utah Bancorp by 13.0% during the first quarter. New York State Common Retirement Fund now owns 22,432 shares of the bank’s stock valued at $725,000 after acquiring an additional 2,583 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Peoples Utah Bancorp by 21.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 30,181 shares of the bank’s stock valued at $915,000 after acquiring an additional 5,381 shares in the last quarter. 36.50% of the stock is owned by institutional investors and hedge funds.

Peoples Utah Bancorp Company Profile

People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.

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