Zacks: Peoples Utah Bancorp (NASDAQ:PUB) Receives Consensus Rating of “Buy” from Brokerages
Peoples Utah Bancorp (NASDAQ:PUB) has been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Peoples Utah Bancorp’s rating score has declined by 39.5% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a 1-year consensus price objective of $19.83 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 153 out of 265 based on the ratings given to its competitors.
Several research firms have recently issued reports on PUB. DA Davidson cut Peoples Utah Bancorp from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $22.00 in a research note on Friday, September 9th. Zacks Investment Research cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. American International Group Inc. purchased a new position in shares of Peoples Utah Bancorp during the second quarter valued at $124,000. Nationwide Fund Advisors boosted its position in shares of Peoples Utah Bancorp by 266.9% in the second quarter. Nationwide Fund Advisors now owns 8,190 shares of the company’s stock valued at $136,000 after buying an additional 5,958 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Peoples Utah Bancorp during the second quarter valued at $168,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Peoples Utah Bancorp during the second quarter valued at $172,000. Finally, TFS Capital LLC purchased a new position in shares of Peoples Utah Bancorp during the second quarter valued at $266,000. 26.16% of the stock is owned by institutional investors.
Shares of Peoples Utah Bancorp (NASDAQ:PUB) traded up 0.58% on Tuesday, reaching $20.72. 10,554 shares of the company traded hands. The company has a market capitalization of $367.90 million, a PE ratio of 17.80 and a beta of 0.80. Peoples Utah Bancorp has a 52-week low of $14.16 and a 52-week high of $21.28. The firm has a 50-day moving average of $19.38 and a 200-day moving average of $17.40.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Peoples Utah Bancorp had a return on equity of 9.85% and a net margin of 24.69%. On average, equities research analysts forecast that Peoples Utah Bancorp will post $1.22 earnings per share for the current fiscal year.
About Peoples Utah Bancorp
People’s Utah Bancorp is a bank holding company. The Company has approximately 20 retail banking locations, over 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 various population centers 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Peoples Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Utah Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.