Peoples Utah Bancorp (NASDAQ:PUB) Receives Average Recommendation of “Hold” from Analysts

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

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

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $29.87, for a total value of $41,071.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 17,875 shares of company stock worth $516,780. Insiders own 17.34% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PUB. Assenagon Asset Management S.A. acquired a new stake in shares of Peoples Utah Bancorp in the 1st quarter valued at approximately $628,000. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 21,376 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Peoples Utah Bancorp by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 178,015 shares of the bank’s stock valued at $5,367,000 after purchasing an additional 8,083 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its stake in shares of Peoples Utah Bancorp by 53.8% in the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 20,000 shares of the bank’s stock valued at $527,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Peoples Utah Bancorp by 22.7% in the 1st quarter. Victory Capital Management Inc. now owns 36,545 shares of the bank’s stock valued at $964,000 after purchasing an additional 6,751 shares in the last quarter. Institutional investors own 37.51% of the company’s stock.

PUB stock remained flat at $$29.62 during mid-day trading 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 52-week low of $25.18 and a 52-week high of $36.85. The firm has a market cap of $556.91 million, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.63 and a beta of 0.63. The business’s 50 day moving average is $29.18.

Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Thursday, April 25th. The bank reported $0.55 EPS for the quarter, meeting the 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 for the quarter, compared to analyst estimates of $30.94 million. On average, equities research analysts expect that Peoples Utah Bancorp will post 2.27 EPS for the current fiscal 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.

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