Peoples Utah Bancorp (PUB) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Peoples Utah Bancorp (NASDAQ:PUB) from a strong sell rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

Several other research analysts have also weighed in on PUB. ValuEngine lowered Peoples Utah Bancorp from a hold rating to a sell rating in a research report on Tuesday, February 12th. Sandler O’Neill raised Peoples Utah Bancorp from a hold rating to a buy rating in a research report on Thursday, March 28th. FIG Partners raised Peoples Utah Bancorp from a market-perform rating to a buy rating and set a $31.00 target price on the stock in a report on Thursday, March 28th. Finally, Zacks Investment Research lowered Peoples Utah Bancorp from a hold rating to a sell rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Peoples Utah Bancorp presently has a consensus rating of Hold and a consensus target price of $33.50.

NASDAQ:PUB opened at $29.92 on Tuesday. The company has a market cap of $562.56 million, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.65 and a beta of 0.66. Peoples Utah Bancorp has a twelve month low of $25.18 and a twelve month high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.94 million. Peoples Utah Bancorp had a return on equity of 14.62% and a net margin of 31.96%. Sell-side analysts forecast that Peoples Utah Bancorp will post 2.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 3rd. This is a positive change from Peoples Utah Bancorp’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. Peoples Utah Bancorp’s payout ratio is presently 22.43%.

In related news, Director Paul R. Gunther sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul R. Gunther sold 19,320 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $29.15, for a total value of $563,178.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,820 shares of company stock worth $1,056,828 over the last three months. 17.34% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of PUB. Dimensional Fund Advisors LP grew its holdings in Peoples Utah Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 409,325 shares of the bank’s stock valued at $12,341,000 after buying an additional 21,376 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in Peoples Utah Bancorp by 57.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,043 shares of the bank’s stock valued at $375,000 after buying an additional 4,032 shares in the last quarter. Rhumbline Advisers grew its holdings in Peoples Utah Bancorp by 49.4% in the 4th quarter. Rhumbline Advisers now owns 19,774 shares of the bank’s stock valued at $596,000 after buying an additional 6,537 shares in the last quarter. Vanguard Group Inc. grew its holdings in Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 772,678 shares of the bank’s stock valued at $26,233,000 after buying an additional 34,600 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 772,678 shares of the bank’s stock valued at $26,233,000 after buying an additional 34,600 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Peoples 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.

See Also: Why is the ex-dividend date different from the record date?

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