Zacks: Peoples Utah Bancorp (NASDAQ:PUB) Receives Consensus Rating of “Buy” from Brokerages
Peoples Utah Bancorp (NASDAQ:PUB) has been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Peoples Utah Bancorp’s rating score has declined by 39.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $19.83 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Peoples Utah Bancorp an industry rank of 153 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the company. DA Davidson downgraded Peoples Utah Bancorp from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $22.00 in a report on Friday, September 9th. Zacks Investment Research upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, August 2nd.
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Peoples Utah Bancorp (NASDAQ:PUB) traded up 0.58% during mid-day trading on Tuesday, reaching $20.72. The company’s stock had a trading volume of 10,554 shares. Peoples Utah Bancorp has a 52-week low of $14.16 and a 52-week high of $21.28. The company has a market cap of $367.90 million, a price-to-earnings ratio of 17.80 and a beta of 0.80. The firm has a 50 day moving average price of $19.38 and a 200 day moving average price of $17.40.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Peoples Utah Bancorp had a return on equity of 9.85% and a net margin of 24.69%. Equities research analysts anticipate that Peoples Utah Bancorp will post $1.22 earnings per share for the current year.
Several hedge funds have recently modified their holdings of PUB. BlackRock Fund Advisors increased its position in Peoples Utah Bancorp by 355.9% in the second quarter. BlackRock Fund Advisors now owns 337,018 shares of the company’s stock worth $5,594,000 after buying an additional 263,098 shares during the period. Vanguard Group Inc. increased its position in Peoples Utah Bancorp by 30.5% in the second quarter. Vanguard Group Inc. now owns 298,015 shares of the company’s stock worth $4,947,000 after buying an additional 69,652 shares during the period. Kennedy Capital Management Inc. increased its position in Peoples Utah Bancorp by 0.6% in the first quarter. Kennedy Capital Management Inc. now owns 208,248 shares of the company’s stock worth $3,297,000 after buying an additional 1,300 shares during the period. Pacific Ridge Capital Partners LLC increased its position in Peoples Utah Bancorp by 2.0% in the second quarter. Pacific Ridge Capital Partners LLC now owns 144,261 shares of the company’s stock worth $2,395,000 after buying an additional 2,890 shares during the period. Finally, State Street Corp increased its position in Peoples Utah Bancorp by 471.5% in the second quarter. State Street Corp now owns 116,709 shares of the company’s stock worth $1,939,000 after buying an additional 96,287 shares during the period. Institutional investors own 26.16% of the company’s stock.
Peoples Utah Bancorp Company Profile
People’s Utah Bancorp is a bank holding company. The Company has approximately 20 retail banking locations, over 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 various population centers 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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