Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company.
Several research firms have recently issued reports on PUB. ValuEngine raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. BidaskClub upgraded Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday. Sandler O’Neill upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Finally, FIG Partners upgraded Peoples Utah Bancorp from a “market-perform” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, March 28th.
Peoples Utah Bancorp stock traded down $0.12 on Friday, hitting $29.92. 36,091 shares of the stock traded hands, compared to its average volume of 27,297. The firm has a market capitalization of $564.24 million, a P/E ratio of 13.98, a P/E/G ratio of 1.65 and a beta of 0.66. Peoples Utah Bancorp has a 1 year low of $25.18 and a 1 year high of $38.70.
Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.94 million. Peoples Utah Bancorp had a return on equity of 14.62% and a net margin of 31.96%. As a group, equities analysts expect that Peoples Utah Bancorp will post 2.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 3rd. This is an increase from Peoples Utah Bancorp’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. Peoples Utah Bancorp’s payout ratio is 22.43%.
In related news, Director Paul R. Gunther sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul R. Gunther sold 19,320 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $29.15, for a total value of $563,178.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,820 shares of company stock valued at $1,056,828. 17.34% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in Peoples Utah Bancorp by 32.6% in the 4th quarter. Legal & General Group Plc now owns 3,387 shares of the bank’s stock worth $102,000 after purchasing an additional 833 shares in the last quarter. Swiss National Bank raised its holdings in shares of Peoples Utah Bancorp by 3.2% during the 1st quarter. Swiss National Bank now owns 29,000 shares of the bank’s stock worth $765,000 after acquiring an additional 900 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of Peoples Utah Bancorp during the 4th quarter worth approximately $45,000. Crewe Advisors LLC purchased a new stake in shares of Peoples Utah Bancorp during the 1st quarter worth approximately $53,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Peoples Utah Bancorp by 8.3% during the 1st quarter. Wells Fargo & Company MN now owns 26,728 shares of the bank’s stock worth $704,000 after acquiring an additional 2,044 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors.
About Peoples Utah Bancorp
People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.
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