Peoples Utah Bancorp (NASDAQ:PUB) insider Rick W. Anderson sold 4,707 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $32.57, for a total value of $153,306.99. Following the transaction, the insider now owns 9,293 shares in the company, valued at $302,673.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Peoples Utah Bancorp (PUB) opened at $31.60 on Friday. The firm has a market capitalization of $601.00, a PE ratio of 21.36, a P/E/G ratio of 1.99 and a beta of 0.96. Peoples Utah Bancorp has a fifty-two week low of $24.63 and a fifty-two week high of $33.90.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Peoples Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. The company had revenue of $28.47 million during the quarter, compared to analysts’ expectations of $27.39 million. research analysts predict that Peoples Utah Bancorp will post 2.02 earnings per share for the current year.
Several research firms have weighed in on PUB. BidaskClub downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Raymond James Financial started coverage on Peoples Utah Bancorp in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Zacks Investment Research upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research note on Wednesday, December 27th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.00.
Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new position in shares of Peoples Utah Bancorp during the third quarter valued at approximately $182,000. MetLife Investment Advisors LLC acquired a new position in shares of Peoples Utah Bancorp during the fourth quarter valued at approximately $212,000. Crewe Advisors LLC acquired a new position in shares of Peoples Utah Bancorp during the fourth quarter valued at approximately $303,000. The Manufacturers Life Insurance Company raised its holdings in shares of Peoples Utah Bancorp by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Cardinal Capital Management LLC CT grew its position in shares of Peoples Utah Bancorp by 25.6% in the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock valued at $327,000 after purchasing an additional 2,200 shares in the last quarter. 34.82% of the stock is owned by institutional investors and hedge funds.
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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