Peoples Utah Bancorp (NASDAQ:PUB) Short Interest Up 64.2% in June

Peoples Utah Bancorp (NASDAQ:PUB) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 130,500 shares, an increase of 64.2% from the May 30th total of 79,500 shares. Based on an average daily volume of 38,400 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.8% of the company’s shares are short sold.

Shares of PUB stock remained flat at $$29.62 on Friday. 19,460 shares of the stock traded hands, compared to its average volume of 56,600. The company has a 50-day moving average of $29.18. The company has a market capitalization of $556.91 million, a P/E ratio of 13.84, a PEG ratio of 1.63 and a beta of 0.63. Peoples Utah Bancorp has a 52 week low of $25.18 and a 52 week high of $36.85.

Peoples Utah Bancorp (NASDAQ:PUB) last announced 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. The company had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.94 million. Peoples Utah Bancorp had a net margin of 31.96% and a return on equity of 14.62%. Equities research analysts anticipate that Peoples Utah Bancorp will post 2.27 EPS for the current year.

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $27.95, for a total value of $38,431.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders sold 17,875 shares of company stock worth $516,780. Insiders own 17.34% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Peoples Utah Bancorp during the first quarter valued at about $121,000. Dimensional Fund Advisors LP boosted its position 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 period. Rhumbline Advisers boosted its position in Peoples Utah Bancorp by 49.4% during the fourth quarter. Rhumbline Advisers now owns 19,774 shares of the bank’s stock worth $596,000 after purchasing an additional 6,537 shares during the period. Legal & General Group Plc boosted its position in Peoples Utah Bancorp by 32.6% during the fourth quarter. Legal & General Group Plc now owns 3,387 shares of the bank’s stock worth $102,000 after purchasing an additional 833 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Peoples Utah Bancorp by 107,166.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,218 shares of the bank’s stock worth $85,000 after purchasing an additional 3,215 shares during the period. Institutional investors own 37.51% of the company’s stock.

A number of research firms recently issued reports on PUB. ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Winmark from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Sandler O’Neill upgraded shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, FIG Partners restated an “outperform” rating on shares of Sterling Bancorp in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

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.

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