Peoples Utah Bancorp (NASDAQ:PUB) Stock Rating Lowered by BidaskClub

Peoples Utah Bancorp (NASDAQ:PUB) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, BidAskClub reports.

Several other research analysts have also recently issued reports on the company. ValuEngine raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. DA Davidson reissued a “neutral” rating on shares of Peoples Utah Bancorp in a research note on Tuesday, July 30th. Finally, Zacks Investment Research downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Peoples Utah Bancorp currently has a consensus rating of “Hold” and an average target price of $31.50.

Shares of NASDAQ PUB traded down $0.21 during trading on Tuesday, reaching $29.07. The company had a trading volume of 94 shares, compared to its average volume of 29,539. Peoples Utah Bancorp has a 12-month low of $25.18 and a 12-month high of $33.40. The stock has a market cap of $553.98 million, a PE ratio of 13.58 and a beta of 0.69. The business’s 50-day moving average is $28.99 and its 200 day moving average is $28.77.

Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Wednesday, October 23rd. The bank reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Peoples Utah Bancorp had a return on equity of 14.12% and a net margin of 32.15%. The company had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $31.45 million. Research analysts forecast that Peoples Utah Bancorp will post 2.29 EPS for the current year.

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $26.08, for a total value of $35,860.00. Following the completion of the transaction, the director now owns 9,257 shares in the company, valued at approximately $241,422.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jr. Fred W. Fairclough sold 3,750 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $29.38, for a total value of $110,175.00. Insiders have sold a total of 40,693 shares of company stock valued at $1,158,651 in the last 90 days. 17.34% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in PUB. Swiss National Bank boosted its holdings in Peoples Utah Bancorp by 2.1% during the 2nd quarter. Swiss National Bank now owns 29,600 shares of the bank’s stock valued at $870,000 after acquiring an additional 600 shares during the period. D.A. Davidson & CO. boosted its holdings in Peoples Utah Bancorp by 5.2% during the 3rd quarter. D.A. Davidson & CO. now owns 12,150 shares of the bank’s stock valued at $344,000 after acquiring an additional 600 shares during the period. Northern Trust Corp boosted its holdings in Peoples Utah Bancorp by 0.4% during the 2nd quarter. Northern Trust Corp now owns 202,682 shares of the bank’s stock valued at $5,960,000 after acquiring an additional 773 shares during the period. Dupont Capital Management Corp boosted its holdings in Peoples Utah Bancorp by 7.4% during the 3rd quarter. Dupont Capital Management Corp now owns 18,081 shares of the bank’s stock valued at $512,000 after acquiring an additional 1,245 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Peoples Utah Bancorp by 8.2% during the 3rd quarter. Rhumbline Advisers now owns 24,596 shares of the bank’s stock valued at $696,000 after acquiring an additional 1,858 shares during the period. Hedge funds and other institutional investors own 39.17% 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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