Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been given a consensus broker rating score of 2.67 (Hold) 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 given a buy rating to the company. Peoples Utah Bancorp’s rating score has improved by 11% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price target of $33.33 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also assigned Peoples Utah Bancorp an industry rank of 13 out of 265 based on the ratings given to related companies.
PUB has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Raymond James Financial initiated coverage on shares of Peoples Utah Bancorp in a research report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 price target on the stock.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Peoples Utah Bancorp had a net margin of 19.74% and a return on equity of 11.67%. equities analysts anticipate that Peoples Utah Bancorp will post 1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Monday, February 5th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, February 2nd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 33.33%.
In related news, Director Jr. Fred W. Fairclough sold 10,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.07, for a total transaction of $300,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $32.26, for a total transaction of $54,842.00. Following the transaction, the director now directly owns 72,376 shares in the company, valued at approximately $2,334,849.76. The disclosure for this sale can be found here. Insiders have sold 71,800 shares of company stock worth $2,198,537 in the last ninety days. 25.21% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in PUB. Davis Capital Partners LLC increased its position in Peoples Utah Bancorp by 68.7% during the third quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after acquiring an additional 167,536 shares during the period. John W. Rosenthal Capital Management Inc. bought a new position in Peoples Utah Bancorp during the third quarter worth $2,596,000. Dimensional Fund Advisors LP increased its position in Peoples Utah Bancorp by 42.9% during the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after acquiring an additional 38,923 shares during the period. State Street Corp increased its position in Peoples Utah Bancorp by 14.4% during the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after acquiring an additional 28,411 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in Peoples Utah Bancorp during the third quarter worth $785,000. 31.73% of the stock is currently owned by institutional investors and hedge funds.
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About Peoples 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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