Peoples Utah Bancorp (NASDAQ:PUB) Rating Lowered to Strong Sell at BidaskClub

Peoples Utah Bancorp (NASDAQ:PUB) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Peoples Utah Bancorp has a consensus rating of “Hold” and a consensus price target of $31.50.

NASDAQ:PUB traded up $0.21 during mid-day trading on Tuesday, hitting $29.79. The stock had a trading volume of 401 shares, compared to its average volume of 22,797. Peoples Utah Bancorp has a twelve month low of $25.18 and a twelve month high of $33.05. The stock has a market cap of $555.68 million, a price-to-earnings ratio of 13.90 and a beta of 0.68. The company’s 50 day simple moving average is $29.78 and its 200 day simple moving average is $28.93.

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

In related news, Director Jr. Fred W. Fairclough sold 3,750 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $28.87, for a total value of $108,262.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wolfgang T. N. Muelleck sold 1,198 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.00, for a total transaction of $35,940.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,372 shares of company stock valued at $1,236,537. 17.34% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in PUB. Marshall Wace North America L.P. acquired a new position in shares of Peoples Utah Bancorp during the 1st quarter worth $58,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Peoples Utah Bancorp in the 2nd quarter valued at approximately $69,000. Marshall Wace LLP bought a new stake in shares of Peoples Utah Bancorp during the 1st quarter valued at approximately $80,000. Alberta Investment Management Corp bought a new stake in shares of Peoples Utah Bancorp during the 2nd quarter valued at approximately $221,000. Finally, Chicago Equity Partners LLC acquired a new position in Peoples Utah Bancorp during the 3rd quarter worth approximately $225,000. Hedge funds and other institutional investors own 39.43% of the company’s stock.

About Peoples Utah Bancorp

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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