Peoples Utah Bancorp (NASDAQ:PUB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Peoples Utah Bancorp (NASDAQ:PUB) have earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company.

PUB has been the subject of several recent analyst reports. ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. FIG Partners reaffirmed an “outperform” rating on shares of Sterling Bancorp in a research note on Monday, April 29th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Winmark from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, Sandler O’Neill upgraded shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 28th.

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $29.62, for a total value of $40,727.50. Following the completion of the transaction, the director now owns 13,911 shares in the company, valued at $412,043.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 17,875 shares of company stock valued at $516,780 in the last quarter. Corporate insiders own 17.34% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Peoples Utah Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 409,325 shares of the bank’s stock worth $12,341,000 after purchasing an additional 21,376 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Peoples Utah Bancorp by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 178,015 shares of the bank’s stock worth $5,367,000 after purchasing an additional 8,083 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Peoples Utah Bancorp by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 69,806 shares of the bank’s stock worth $2,105,000 after purchasing an additional 3,834 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Peoples Utah Bancorp by 22.7% during the first quarter. Victory Capital Management Inc. now owns 36,545 shares of the bank’s stock worth $964,000 after purchasing an additional 6,751 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Peoples Utah Bancorp by 22.1% during the first quarter. Wedge Capital Management L L P NC now owns 28,009 shares of the bank’s stock worth $739,000 after purchasing an additional 5,075 shares during the last quarter. Institutional investors own 37.51% of the company’s stock.

NASDAQ:PUB remained flat at $$29.62 during trading hours on Friday. 19,460 shares of the company’s stock traded hands, compared to its average volume of 56,600. Peoples Utah Bancorp has a 1 year low of $25.18 and a 1 year high of $36.85. The company has a market cap of $556.91 million, a PE ratio of 13.84, a P/E/G ratio of 1.63 and a beta of 0.63. The stock has a 50 day moving average price of $29.18.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Thursday, April 25th. The bank reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Peoples Utah Bancorp had a net margin of 31.96% and a return on equity of 14.62%. The firm had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.94 million. On average, research analysts forecast that Peoples Utah Bancorp will post 2.27 earnings per share for the current year.

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.

See Also: What is meant by buying and selling pressure?

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.