BidaskClub lowered shares of People’s Utah Bancorp (NASDAQ:PUB) from a sell rating to a strong sell rating in a report released on Tuesday.

A number of other research analysts have also weighed in on PUB. ValuEngine raised shares of People’s Utah Bancorp from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of People’s Utah Bancorp from a hold rating to a buy rating and set a $30.00 target price on the stock in a research note on Saturday, April 29th. Finally, TheStreet raised shares of People’s Utah Bancorp from a c rating to a b- rating in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $26.00.

Shares of People’s Utah Bancorp (NASDAQ:PUB) traded down 0.18% during midday trading on Tuesday, reaching $27.60. The company’s stock had a trading volume of 22,738 shares. People’s Utah Bancorp has a 52 week low of $17.75 and a 52 week high of $29.35. The stock has a market capitalization of $495.36 million, a PE ratio of 19.57 and a beta of 0.97. The company has a 50 day moving average price of $26.97 and a 200-day moving average price of $26.22.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $23.33 million for the quarter, compared to analyst estimates of $22.80 million. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.25%. On average, equities research analysts expect that People’s Utah Bancorp will post $1.43 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. This is a positive change from People’s Utah Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, August 3rd. People’s Utah Bancorp’s dividend payout ratio (DPR) is 22.70%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Globeflex Capital L P acquired a new position in People’s Utah Bancorp during the first quarter worth $117,000. American International Group Inc. raised its position in People’s Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after buying an additional 533 shares during the period. Nationwide Fund Advisors raised its position in People’s Utah Bancorp by 2.8% in the first quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after buying an additional 232 shares during the period. California Public Employees Retirement System acquired a new position in People’s Utah Bancorp during the first quarter worth $243,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in People’s Utah Bancorp by 84.9% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 10,726 shares of the bank’s stock worth $282,000 after buying an additional 4,926 shares during the period. 29.79% of the stock is currently owned by institutional investors and hedge funds.

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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