People’s Utah Bancorp (PUB) Lowered to “Hold” at ValuEngine
ValuEngine lowered shares of People’s Utah Bancorp (NASDAQ:PUB) from a buy rating to a hold rating in a research report sent to investors on Monday morning.
PUB has been the topic of a number of other research reports. Zacks Investment Research lowered People’s Utah Bancorp from a strong-buy rating to a hold rating in a research report on Thursday, September 28th. BidaskClub raised shares of People’s Utah Bancorp from a hold rating to a buy rating in a research report on Thursday, September 21st. Finally, TheStreet raised shares of People’s Utah Bancorp from a c rating to a b- rating in a research report on Monday, June 12th.
People’s Utah Bancorp (PUB) opened at 32.65 on Monday. People’s Utah Bancorp has a 12 month low of $18.49 and a 12 month high of $33.60. The stock has a market capitalization of $586.33 million, a PE ratio of 23.16 and a beta of 1.04. The firm has a 50-day moving average price of $30.11 and a 200 day moving average price of $30.11.
People’s Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $23.33 million for the quarter, compared to the consensus estimate of $22.80 million. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. Equities analysts anticipate that People’s Utah Bancorp will post $1.46 earnings per share for the current year.
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In other People’s Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $26.87, for a total value of $45,679.00. Following the completion of the transaction, the director now directly owns 42,960 shares of the company’s stock, valued at $1,154,335.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard T. Beard sold 7,709 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $27.02, for a total value of $208,297.18. Following the completion of the transaction, the chief executive officer now directly owns 130,020 shares of the company’s stock, valued at $3,513,140.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,780 shares of company stock worth $5,029,228. 25.21% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of People’s Utah Bancorp by 42.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after purchasing an additional 38,923 shares during the period. Davis Capital Partners LLC purchased a new position in shares of People’s Utah Bancorp during the 1st quarter valued at approximately $981,000. State Street Corp increased its holdings in shares of People’s Utah Bancorp by 14.4% during the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock valued at $6,036,000 after purchasing an additional 28,411 shares in the last quarter. Swiss National Bank purchased a new position in shares of People’s Utah Bancorp during the 2nd quarter valued at approximately $641,000. Finally, Vanguard Group Inc. increased its holdings in shares of People’s Utah Bancorp by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after purchasing an additional 23,437 shares in the last quarter. Institutional investors and hedge funds own 31.14% of the company’s stock.
People’s Utah Bancorp Company Profile
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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