Peoples Utah Bancorp (PUB) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Peoples Utah Bancorp (NASDAQ:PUB) from a sell rating to a hold rating in a report published on Saturday.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Peoples Utah Bancorp from a sell rating to a hold rating and set a $35.00 price target for the company in a report on Wednesday, December 27th. ValuEngine lowered Peoples Utah Bancorp from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Raymond James Financial initiated coverage on Peoples Utah Bancorp in a research note on Wednesday, January 17th. They issued an outperform rating and a $35.00 price objective for the company. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $35.00.

Shares of Peoples Utah Bancorp (NASDAQ PUB) opened at $30.40 on Friday. Peoples Utah Bancorp has a fifty-two week low of $24.63 and a fifty-two week high of $33.90. The stock has a market capitalization of $562.76, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Monday, February 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, February 2nd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is 33.33%.

In other news, Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $30.39, for a total value of $51,663.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $30.60, for a total value of $574,331.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,800 shares of company stock valued at $2,132,794. Corporate insiders own 25.21% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Peoples Utah Bancorp by 3.7% in the fourth quarter. BlackRock Inc. now owns 691,658 shares of the bank’s stock worth $20,957,000 after buying an additional 24,847 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Peoples Utah Bancorp by 2.8% in the second quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after buying an additional 15,655 shares in the last quarter. Davis Capital Partners LLC lifted its position in shares of Peoples Utah Bancorp by 68.7% in the third quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after buying an additional 167,536 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Peoples Utah Bancorp by 5.2% in the third quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock worth $8,143,000 after buying an additional 12,324 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Peoples Utah Bancorp by 14.4% in the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after buying an additional 28,411 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://stocknewstimes.com/2018/02/11/peoples-utah-bancorp-pub-upgraded-to-hold-by-bidaskclub.html.

About Peoples Utah Bancorp

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.

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

Leave a Reply