Peoples Utah Bancorp (NASDAQ:PUB) Receives Average Recommendation of “Hold” from Analysts

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Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been given a consensus rating of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.

A number of equities analysts have recently commented on PUB shares. BidaskClub lowered Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 19th. ValuEngine upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 28th.

In related news, Director Jr. Fred W. Fairclough sold 3,750 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $29.00, for a total value of $108,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Wolfgang T. N. Muelleck sold 2,995 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $28.03, for a total value of $83,949.85. The disclosure for this sale can be found here. Insiders sold 46,818 shares of company stock valued at $1,341,200 over the last 90 days. 17.34% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Peoples Utah Bancorp by 25.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,850 shares of the bank’s stock valued at $1,348,000 after acquiring an additional 9,305 shares in the last quarter. Dupont Capital Management Corp raised its stake in Peoples Utah Bancorp by 7.4% in the third quarter. Dupont Capital Management Corp now owns 18,081 shares of the bank’s stock valued at $512,000 after purchasing an additional 1,245 shares in the last quarter. Crewe Advisors LLC raised its stake in Peoples Utah Bancorp by 141.7% in the second quarter. Crewe Advisors LLC now owns 4,834 shares of the bank’s stock valued at $142,000 after purchasing an additional 2,834 shares in the last quarter. River & Mercantile Asset Management LLP bought a new stake in Peoples Utah Bancorp during the second quarter valued at approximately $69,000. Finally, Bank of America Corp DE lifted its position in Peoples Utah Bancorp by 7.4% during the second quarter. Bank of America Corp DE now owns 44,272 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 3,032 shares during the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

Shares of NASDAQ PUB traded down $0.45 during midday trading on Tuesday, hitting $28.60. The company’s stock had a trading volume of 20,335 shares, compared to its average volume of 29,261. The firm has a market capitalization of $553.42 million, a price-to-earnings ratio of 13.36 and a beta of 0.68. The stock has a fifty day moving average price of $29.26 and a 200 day moving average price of $28.78. Peoples Utah Bancorp has a one year low of $25.18 and a one year high of $33.05.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). Peoples Utah Bancorp had a return on equity of 14.12% and a net margin of 32.15%. The business had revenue of $32.66 million during the quarter, compared to the consensus estimate of $31.45 million. As a group, analysts expect that Peoples Utah Bancorp will post 2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.13 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.82%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 24.30%.

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.

See Also: Analyzing a company’s cash flow statement

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