Brokerages Anticipate Peoples Utah Bancorp (PUB) to Announce $0.32 Earnings Per Share

Posted by James Quigley on Apr 22nd, 2017

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

Brokers have set a 1 year consensus price objective of $27.00 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 24 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Peoples Utah Bancorp during the third quarter worth $104,000. Acadian Asset Management LLC bought a new stake in shares of Peoples Utah Bancorp during the third quarter worth $181,000. James Investment Research Inc. bought a new stake in shares of Peoples Utah Bancorp during the third quarter worth $1,460,000. BlackRock Group LTD bought a new stake in Peoples Utah Bancorp during the third quarter valued at approximately $10,028,000. Finally, Spark Investment Management LLC bought a new stake in Peoples Utah Bancorp during the third quarter valued at approximately $329,000. Institutional investors and hedge funds own 28.10% of the company’s stock.

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Peoples Utah Bancorp (NASDAQ:PUB) traded up 0.19% during trading on Thursday, reaching $26.45. The company’s stock had a trading volume of 36,223 shares. The company has a 50-day moving average of $26.22 and a 200 day moving average of $24.32. The firm has a market cap of $473.35 million, a PE ratio of 20.35 and a beta of 0.98. Peoples Utah Bancorp has a one year low of $15.78 and a one year high of $27.85.

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.