Shares of Peoples Utah Bancorp (NASDAQ:PUB) have received 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 12 month consensus price objective of $31.00 for the company and are expecting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 162 out of 265 based on the ratings given to related companies.

Several research firms have recently commented on PUB. Zacks Investment Research lowered Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th.

In related news, Director Jr. Fred W. Fairclough sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $27.67, for a total transaction of $276,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 45,115 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $27.02, for a total transaction of $1,219,007.30. The disclosure for this sale can be found here. Insiders sold a total of 168,100 shares of company stock worth $4,807,447 over the last three months. 25.21% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Peoples Utah Bancorp in the 2nd quarter worth approximately $163,000. Macquarie Group Ltd. acquired a new position in shares of Peoples Utah Bancorp in the 3rd quarter worth approximately $182,000. California Public Employees Retirement System acquired a new position in shares of Peoples Utah Bancorp in the 1st quarter worth approximately $243,000. Alliancebernstein L.P. acquired a new position in shares of Peoples Utah Bancorp in the 2nd quarter worth approximately $247,000. Finally, OxFORD Asset Management LLP acquired a new position in shares of Peoples Utah Bancorp in the 2nd quarter worth approximately $264,000. 31.82% of the stock is owned by institutional investors.

Shares of Peoples Utah Bancorp (NASDAQ:PUB) traded down $0.10 on Wednesday, reaching $30.35. 12,261 shares of the company’s stock were exchanged, compared to its average volume of 26,100. The stock has a market cap of $567.81, a price-to-earnings ratio of 21.88, a PEG ratio of 2.74 and a beta of 0.98. Peoples Utah Bancorp has a 1-year low of $23.95 and a 1-year high of $33.60.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, November 3rd. Peoples Utah Bancorp’s payout ratio is 25.53%.

TRADEMARK VIOLATION WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/06/zacks-peoples-utah-bancorp-pub-given-average-recommendation-of-hold-by-analysts.html.

Peoples Utah Bancorp Company Profile

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.

Get a free copy of the Zacks research report on Peoples Utah Bancorp (PUB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Peoples Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.