Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been assigned a consensus broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. Peoples Utah Bancorp’s rating score has improved by 11% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $34.00 for the company and are expecting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 59 out of 265 based on the ratings given to related companies.
PUB has been the topic of a number of research reports. Zacks Investment Research upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research note on Wednesday, December 27th. ValuEngine cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Raymond James Financial initiated coverage on Peoples Utah Bancorp in a research report on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price objective on the stock.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Peoples Utah Bancorp had a return on equity of 11.67% and a net margin of 19.74%. The company had revenue of $28.47 million for the quarter, compared to analysts’ expectations of $27.39 million. equities research analysts expect that Peoples Utah Bancorp will post 2.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, February 2nd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 33.33%.
In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $32.26, for a total transaction of $54,842.00. Following the transaction, the director now owns 72,376 shares of the company’s stock, valued at $2,334,849.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $30.17, for a total value of $60,340.00. The disclosure for this sale can be found here. Insiders sold 31,990 shares of company stock worth $982,238 in the last three months. 25.21% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in shares of Peoples Utah Bancorp during the fourth quarter worth about $212,000. Forest Hill Capital LLC grew its holdings in shares of Peoples Utah Bancorp by 0.6% during the fourth quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock worth $12,623,000 after purchasing an additional 2,500 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Peoples Utah Bancorp by 48.3% during the fourth quarter. Deutsche Bank AG now owns 46,827 shares of the bank’s stock worth $1,418,000 after purchasing an additional 15,261 shares during the last quarter. Cardinal Capital Management LLC CT grew its holdings in shares of Peoples Utah Bancorp by 25.6% during the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock worth $327,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Davis Capital Partners LLC grew its holdings in shares of Peoples Utah Bancorp by 31.0% during the fourth quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock worth $16,327,000 after purchasing an additional 127,539 shares during the last quarter. 35.21% of the stock is currently owned by institutional investors.
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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.
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