People’s Utah Bancorp (NASDAQ:PUB) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokerages have set a 1 year consensus price objective of $31.00 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given People’s Utah Bancorp an industry rank of 113 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in People’s Utah Bancorp during the 2nd quarter worth approximately $163,000. Macquarie Group Ltd. purchased a new stake in People’s Utah Bancorp during the 3rd quarter worth approximately $182,000. California Public Employees Retirement System purchased a new stake in People’s Utah Bancorp during the 1st quarter worth approximately $243,000. Alliancebernstein L.P. purchased a new stake in People’s Utah Bancorp during the 2nd quarter worth approximately $247,000. Finally, OxFORD Asset Management LLP purchased a new stake in People’s Utah Bancorp during the 2nd quarter worth approximately $264,000. 31.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of People’s Utah Bancorp (PUB) opened at $31.35 on Friday. The stock has a market cap of $565.01 and a P/E ratio of 21.88. People’s Utah Bancorp has a 52 week low of $22.95 and a 52 week high of $33.60.
The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, November 3rd. People’s Utah Bancorp’s dividend payout ratio (DPR) is 25.53%.
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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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