Peoples Utah Bancorp (NASDAQ:PUB) has been given a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating.
Brokerages have set a 1 year consensus price target of $32.50 for the company and are anticipating that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 67 out of 255 based on the ratings given to related companies.
A number of analysts have commented on PUB shares. Zacks Investment Research cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. BidaskClub cut shares of Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, February 14th. Finally, ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th.
Peoples Utah Bancorp stock traded up $0.38 during midday trading on Friday, reaching $28.26. 92,618 shares of the company traded hands, compared to its average volume of 23,010. The company has a market cap of $526.58 million, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Peoples Utah Bancorp has a 12 month low of $26.44 and a 12 month high of $38.70.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Monday, January 28th. The bank reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The company had revenue of $31.63 million for the quarter, compared to the consensus estimate of $31.07 million. Peoples Utah Bancorp had a net margin of 31.00% and a return on equity of 14.90%. As a group, equities research analysts predict that Peoples Utah Bancorp will post 2.28 earnings per share for the current fiscal year.
In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $29.64, for a total value of $40,755.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul R. Gunther sold 3,724 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $30.11, for a total transaction of $112,129.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,732 shares of company stock valued at $1,573,033. 18.33% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in PUB. Advisor Group Inc. purchased a new stake in shares of Peoples Utah Bancorp in the fourth quarter worth $45,000. Essex Investment Management Co. LLC purchased a new stake in shares of Peoples Utah Bancorp in the fourth quarter worth $92,000. Legal & General Group Plc increased its stake in shares of Peoples Utah Bancorp by 32.6% in the fourth quarter. Legal & General Group Plc now owns 3,387 shares of the bank’s stock worth $102,000 after purchasing an additional 833 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Peoples Utah Bancorp by 370.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,121 shares of the bank’s stock worth $154,000 after purchasing an additional 4,032 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Peoples Utah Bancorp by 70.6% in the fourth quarter. D.A. Davidson & CO. now owns 10,871 shares of the bank’s stock worth $328,000 after purchasing an additional 4,500 shares in the last quarter. 37.59% of the stock is owned by hedge funds and other 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.
Further Reading: How Do You Calculate Return on Equity (ROE)?
Get a free copy of the Zacks research report on Peoples Utah Bancorp (PUB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.