Shares of People’s Utah Bancorp (NASDAQ:PUB) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Analysts have set a 12-month consensus price target of $30.25 for the company and are forecasting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given People’s Utah Bancorp an industry rank of 78 out of 265 based on the ratings given to related companies.

PUB has been the topic of a number of recent research reports. BidaskClub lowered People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. TheStreet upgraded People’s Utah Bancorp from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Finally, ValuEngine upgraded People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

People’s Utah Bancorp (NASDAQ PUB) traded up 7.01% during mid-day trading on Friday, hitting $29.75. The stock had a trading volume of 149,591 shares. The firm has a market capitalization of $534.25 million, a price-to-earnings ratio of 21.10 and a beta of 0.98. The stock’s 50 day moving average price is $28.02 and its 200 day moving average price is $27.47. People’s Utah Bancorp has a one year low of $18.49 and a one year high of $29.90.

People’s Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. The company had revenue of $23.33 million during the quarter, compared to analysts’ expectations of $22.80 million. Analysts forecast that People’s Utah Bancorp will post $1.46 EPS for the current year.

In other People’s Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $26.87, for a total transaction of $45,679.00. Following the transaction, the director now owns 42,960 shares in the company, valued at approximately $1,154,335.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard T. Beard sold 25,951 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $27.50, for a total value of $713,652.50. Following the transaction, the chief executive officer now owns 137,729 shares in the company, valued at approximately $3,787,547.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,080 shares of company stock worth $4,638,939. Corporate insiders own 25.21% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors increased its stake in People’s Utah Bancorp by 2.8% during the 1st quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after acquiring an additional 232 shares during the period. American International Group Inc. increased its stake in People’s Utah Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after acquiring an additional 533 shares during the period. TIAA CREF Investment Management LLC increased its stake in People’s Utah Bancorp by 1.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,302 shares of the bank’s stock worth $973,000 after acquiring an additional 558 shares during the period. Rhumbline Advisers increased its stake in People’s Utah Bancorp by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 15,041 shares of the bank’s stock worth $403,000 after acquiring an additional 915 shares during the period. Finally, Teachers Advisors LLC increased its stake in People’s Utah Bancorp by 4.5% during the 2nd quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock worth $608,000 after acquiring an additional 987 shares during the period. Hedge funds and other institutional investors own 31.14% of the company’s stock.

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About People’s Utah Bancorp

People’s Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, 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 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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