BidaskClub downgraded shares of Peoples Utah Bancorp (NASDAQ:PUB) from a sell rating to a strong sell rating in a report published on Thursday.

Several other research analysts have also commented on the company. ValuEngine lowered Peoples Utah Bancorp from a hold rating to a sell rating in a research report on Tuesday, February 12th. Zacks Investment Research lowered Peoples Utah Bancorp from a buy rating to a hold rating in a research report on Tuesday, January 1st.

PUB opened at $29.00 on Thursday. The company has a market cap of $542.85 million, a price-to-earnings ratio of 13.55, a PEG ratio of 1.57 and a beta of 0.67. Peoples Utah Bancorp has a 52 week low of $27.78 and a 52 week high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Monday, January 28th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $31.63 million for the quarter, compared to analyst estimates of $31.07 million. Peoples Utah Bancorp had a return on equity of 14.90% and a net margin of 31.00%. Equities analysts expect that Peoples Utah Bancorp will post 2.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Stockholders of record on Monday, February 4th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, February 1st. Peoples Utah Bancorp’s payout ratio is currently 20.56%.

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $32.46, for a total value of $44,632.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul R. Gunther sold 3,724 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $30.11, for a total value of $112,129.64. The disclosure for this sale can be found here. In the last three months, insiders sold 21,599 shares of company stock worth $643,980. Corporate insiders own 18.33% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of Peoples Utah Bancorp by 32.6% in the fourth quarter. Legal & General Group Plc now owns 3,387 shares of the bank’s stock valued at $102,000 after purchasing an additional 833 shares during the period. Advisor Group Inc. acquired a new position in Peoples Utah Bancorp during the fourth quarter worth $45,000. Allianz Asset Management GmbH grew its holdings in Peoples Utah Bancorp by 9.4% during the third quarter. Allianz Asset Management GmbH now owns 34,040 shares of the bank’s stock worth $1,156,000 after acquiring an additional 2,920 shares during the period. Essex Investment Management Co. LLC acquired a new position in Peoples Utah Bancorp during the fourth quarter worth $92,000. Finally, Bank of New York Mellon Corp grew its holdings in Peoples Utah Bancorp by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 69,806 shares of the bank’s stock worth $2,105,000 after acquiring an additional 3,834 shares during the period. 37.91% of the stock is currently owned by institutional investors and hedge funds.

Peoples Utah Bancorp Company Profile

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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