Zacks: Peoples Utah Bancorp (NASDAQ:PUB) Given $20.50 Consensus Price Target by Analysts
Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Peoples Utah Bancorp’s rating score has declined by 39.5% from three months ago as a result of various analysts’ ratings changes.
Analysts have set a one year consensus price objective of $20.50 for the company and are expecting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 112 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on the stock. DA Davidson downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $21.00 to $22.00 in a research note on Friday, September 9th. Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
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Shares of Peoples Utah Bancorp (NASDAQ:PUB) traded up 0.35% during trading on Monday, reaching $20.12. The company’s stock had a trading volume of 4,945 shares. The company has a market capitalization of $357.25 million, a P/E ratio of 17.29 and a beta of 0.79. The company’s 50-day moving average is $20.02 and its 200-day moving average is $17.81. Peoples Utah Bancorp has a 12 month low of $14.16 and a 12 month high of $21.28.
Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Peoples Utah Bancorp had a net margin of 24.69% and a return on equity of 9.85%. On average, analysts forecast that Peoples Utah Bancorp will post $1.22 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. American International Group Inc. bought a new stake in Peoples Utah Bancorp during the second quarter valued at $124,000. Nationwide Fund Advisors boosted its position in shares of Peoples Utah Bancorp by 266.9% in the second quarter. Nationwide Fund Advisors now owns 8,190 shares of the company’s stock worth $136,000 after buying an additional 5,958 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Peoples Utah Bancorp during the second quarter worth about $168,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Peoples Utah Bancorp during the second quarter worth about $172,000. Finally, TFS Capital LLC acquired a new position in shares of Peoples Utah Bancorp during the second quarter worth about $266,000. 26.16% of the stock is owned by hedge funds and other institutional investors.
About Peoples Utah Bancorp
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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