Peoples Utah Bancorp (NASDAQ:PUB) has earned a consensus broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two 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 various analysts’ ratings changes.
Brokers have set a one year consensus price target of $34.00 for the company and are predicting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 16 out of 265 based on the ratings given to its competitors.
Several research firms have recently weighed in on PUB. Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research note on Wednesday, December 27th. ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Raymond James Financial started coverage on shares of Peoples Utah Bancorp in a research note on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price objective for the company.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Monday, February 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.36 annualized dividend and a yield of 1.17%. Peoples Utah Bancorp’s dividend payout ratio is currently 33.33%.
In other Peoples Utah Bancorp news, CFO Wolfgang T. N. Muelleck sold 18,769 shares of Peoples Utah Bancorp stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $30.60, for a total transaction of $574,331.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 10,000 shares of Peoples Utah Bancorp stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $30.07, for a total transaction of $300,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,100 shares of company stock valued at $2,080,995. 25.21% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new stake in Peoples Utah Bancorp during the third quarter valued at approximately $182,000. Alliancebernstein L.P. bought a new stake in shares of Peoples Utah Bancorp in the 2nd quarter worth approximately $247,000. OxFORD Asset Management LLP bought a new stake in shares of Peoples Utah Bancorp in the 2nd quarter worth approximately $264,000. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 worth $326,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Peoples Utah Bancorp by 15.9% in the 3rd quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock worth $408,000 after acquiring an additional 2,047 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.
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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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