People’s Utah Bancorp (PUB) Receives Average Rating of “Hold” from Analysts
People’s Utah Bancorp (NASDAQ:PUB) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus price objective of $31.00 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned People’s Utah Bancorp an industry rank of 168 out of 265 based on the ratings given to its competitors.
Several research firms recently commented on PUB. Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub upgraded shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
In other People’s Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $26.87, for a total value of $45,679.00. Following the transaction, the director now directly owns 42,960 shares of the company’s stock, valued at approximately $1,154,335.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard T. Beard sold 12,170 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $27.00, for a total transaction of $328,590.00. Following the completion of the transaction, the chief executive officer now directly owns 117,850 shares in the company, valued at $3,181,950. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,229 shares of company stock valued at $4,620,598. 25.21% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System acquired a new position in People’s Utah Bancorp in the 1st quarter valued at $243,000. Bank of New York Mellon Corp increased its stake in People’s Utah Bancorp by 13.9% in the 1st quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock valued at $1,489,000 after buying an additional 6,884 shares during the period. Vanguard Group Inc. increased its stake in People’s Utah Bancorp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after buying an additional 23,437 shares during the period. Schwab Charles Investment Management Inc. increased its stake in People’s Utah Bancorp by 40.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock valued at $665,000 after buying an additional 7,200 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in People’s Utah Bancorp by 47.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 90,785 shares of the bank’s stock valued at $2,401,000 after buying an additional 29,340 shares during the period. 31.15% of the stock is currently owned by institutional investors.
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People’s Utah Bancorp (NASDAQ:PUB) traded up $0.10 during mid-day trading on Wednesday, reaching $30.90. 15,400 shares of the company traded hands, compared to its average volume of 26,488. People’s Utah Bancorp has a 1 year low of $21.80 and a 1 year high of $33.60. The stock has a market cap of $547.08, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.36 annualized dividend and a yield of 1.17%. People’s Utah Bancorp’s dividend payout ratio (DPR) is 25.53%.
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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