Analysts Expect Peoples Utah Bancorp (PUB) to Announce $0.39 Earnings Per Share

Peoples Utah Bancorp (NASDAQ:PUB) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

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 EPS for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 17 out of 265 based on the ratings given to related companies.

A number of analysts recently issued reports on PUB shares. BidaskClub raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Zacks Investment Research downgraded Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, ValuEngine downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

In other news, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $32.89, for a total value of $65,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $30.60, for a total value of $574,331.40. The disclosure for this sale can be found here. In the last three months, insiders sold 72,100 shares of company stock valued at $2,213,681. 25.21% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Peoples Utah Bancorp in the 2nd quarter valued at $163,000. Macquarie Group Ltd. bought a new stake in Peoples Utah Bancorp in the 3rd quarter valued at $182,000. Alliancebernstein L.P. bought a new stake in Peoples Utah Bancorp in the 2nd quarter valued at $247,000. OxFORD Asset Management LLP bought a new stake in Peoples Utah Bancorp in the 2nd quarter valued at $264,000. Finally, The Manufacturers Life Insurance Company raised its stake in Peoples Utah Bancorp by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after acquiring an additional 1,156 shares during the period. 31.82% of the stock is owned by institutional investors.

Shares of Peoples Utah Bancorp (NASDAQ PUB) opened at $30.95 on Friday. Peoples Utah Bancorp has a 52 week low of $23.95 and a 52 week high of $33.60. The stock has a market capitalization of $558.25 and a P/E ratio of 21.95.

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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.

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