People’s Utah Bancorp (PUB) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of People’s Utah Bancorp (NASDAQ:PUB) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, Zacks Investment Research upgraded shares of People’s Utah Bancorp from a hold rating to a buy rating and set a $36.00 price target for the company in a research report on Tuesday, May 1st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $35.50.

People’s Utah Bancorp opened at $35.00 on Tuesday, according to Marketbeat. People’s Utah Bancorp has a 1 year low of $24.63 and a 1 year high of $35.53. The firm has a market capitalization of $636.04 million, a PE ratio of 22.88, a PEG ratio of 2.08 and a beta of 0.87.

People’s Utah Bancorp (NASDAQ:PUB) last posted its earnings results on Wednesday, April 25th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. People’s Utah Bancorp had a net margin of 20.37% and a return on equity of 12.18%. The firm had revenue of $30.27 million during the quarter, compared to analyst estimates of $28.97 million. research analysts expect that People’s Utah Bancorp will post 2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 14th. Investors of record on Monday, May 7th were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 4th. This represents a $0.40 annualized dividend and a yield of 1.14%. This is a positive change from People’s Utah Bancorp’s previous quarterly dividend of $0.09. People’s Utah Bancorp’s dividend payout ratio is presently 26.14%.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $33.14, for a total transaction of $56,338.00. Following the completion of the transaction, the director now owns 52,776 shares in the company, valued at $1,748,996.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $32.61, for a total transaction of $65,220.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,907 shares of company stock valued at $860,591. 18.33% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in People’s Utah Bancorp by 1.4% during the first quarter. BlackRock Inc. now owns 701,264 shares of the bank’s stock valued at $22,651,000 after purchasing an additional 9,606 shares during the last quarter. Davis Capital Partners LLC lifted its holdings in People’s Utah Bancorp by 31.0% during the fourth quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock valued at $16,327,000 after purchasing an additional 127,539 shares during the last quarter. Forest Hill Capital LLC lifted its holdings in People’s 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 purchasing an additional 2,500 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in People’s Utah Bancorp by 22.9% during the first quarter. Wasatch Advisors Inc. now owns 289,136 shares of the bank’s stock valued at $9,339,000 after purchasing an additional 53,893 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in People’s Utah Bancorp by 29.2% during the first quarter. Dimensional Fund Advisors LP now owns 273,282 shares of the bank’s stock valued at $8,827,000 after purchasing an additional 61,760 shares during the last quarter. Institutional investors own 36.50% of the company’s stock.

People’s 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.

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



Leave a Reply