Peoples Utah Bancorp (PUB) Lowered to Sell at BidaskClub

BidaskClub cut shares of Peoples Utah Bancorp (NASDAQ:PUB) from a hold rating to a sell rating in a report released on Wednesday morning.

Separately, Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a hold rating to a buy rating and set a $36.00 price objective for the company in a report on Tuesday, October 30th.

Shares of PUB stock opened at $29.44 on Wednesday. The company has a market capitalization of $564.77 million, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79. Peoples Utah Bancorp has a fifty-two week low of $28.89 and a fifty-two week high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings data on Wednesday, October 24th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $30.60 million. Peoples Utah Bancorp had a net margin of 24.05% and a return on equity of 14.14%. Research analysts expect that Peoples Utah Bancorp will post 2.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Tuesday, November 6th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, November 5th. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 28.76%.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $34.85, for a total value of $47,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 15,125 shares of company stock valued at $494,546 in the last 90 days. Company insiders own 18.33% of the company’s stock.

A number of institutional investors have recently modified their holdings of PUB. Wasatch Advisors Inc. lifted its stake in Peoples Utah Bancorp by 69.4% in the second quarter. Wasatch Advisors Inc. now owns 489,856 shares of the bank’s stock worth $17,488,000 after acquiring an additional 200,720 shares during the last quarter. BlackRock Inc. lifted its stake in Peoples Utah Bancorp by 19.3% in the second quarter. BlackRock Inc. now owns 836,720 shares of the bank’s stock worth $29,871,000 after acquiring an additional 135,456 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Peoples Utah Bancorp by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 343,492 shares of the bank’s stock worth $12,263,000 after acquiring an additional 70,210 shares during the last quarter. Vanguard Group Inc. lifted its stake in Peoples Utah Bancorp by 4.7% in the third quarter. Vanguard Group Inc. now owns 772,678 shares of the bank’s stock worth $26,233,000 after acquiring an additional 34,600 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Peoples Utah Bancorp by 19.6% in the second quarter. Northern Trust Corp now owns 192,245 shares of the bank’s stock worth $6,862,000 after acquiring an additional 31,522 shares during the last quarter. Institutional investors own 38.01% of the company’s stock.

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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