Short Interest in Peoples Utah Bancorp (NASDAQ:PUB) Drops By 8.7%

Share on StockTwits

Peoples Utah Bancorp (NASDAQ:PUB) was the target of a large decline in short interest in the month of November. As of November 29th, there was short interest totalling 62,300 shares, a decline of 8.7% from the November 14th total of 68,200 shares. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is presently 2.4 days. Currently, 0.4% of the shares of the company are short sold.

PUB has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.

NASDAQ PUB traded up $0.60 during trading on Friday, reaching $30.34. The company’s stock had a trading volume of 31,996 shares, compared to its average volume of 19,268. The firm has a market capitalization of $551.35 million, a price-to-earnings ratio of 14.18 and a beta of 0.68. Peoples Utah Bancorp has a 12 month low of $25.18 and a 12 month high of $33.05. The firm has a 50 day moving average price of $29.41 and a 200 day moving average price of $28.75.

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

In related news, Director Wolfgang T. N. Muelleck sold 1,198 shares of Peoples Utah Bancorp stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $30.00, for a total transaction of $35,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 3,750 shares of Peoples Utah Bancorp stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $28.51, for a total transaction of $106,912.50. The disclosure for this sale can be found here. Insiders have sold a total of 49,872 shares of company stock valued at $1,436,299 in the last ninety days. 17.34% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of PUB. BlackRock Inc. lifted its holdings in shares of Peoples Utah Bancorp by 13.7% during the 2nd quarter. BlackRock Inc. now owns 944,017 shares of the bank’s stock worth $27,755,000 after acquiring an additional 113,410 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Peoples Utah Bancorp during the 2nd quarter worth approximately $496,000. Dupont Capital Management Corp bought a new stake in shares of Peoples Utah Bancorp during the 2nd quarter worth approximately $495,000. Renaissance Technologies LLC lifted its holdings in shares of Peoples Utah Bancorp by 10.7% during the 2nd quarter. Renaissance Technologies LLC now owns 160,900 shares of the bank’s stock worth $4,730,000 after acquiring an additional 15,600 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Peoples Utah Bancorp by 19.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,980 shares of the bank’s stock worth $2,498,000 after acquiring an additional 13,740 shares during the period. 39.43% of the stock is owned by institutional investors.

About Peoples Utah Bancorp

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.

Featured Story: What is Compound Annual Growth Rate (CAGR)?

Receive News & Ratings for Peoples Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.