Peoples Utah Bancorp (NASDAQ:PUB) has been assigned a consensus broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. Peoples Utah Bancorp’s rating score has improved by 11% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price target of $34.00 for the company and are forecasting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 128 out of 265 based on the ratings given to related companies.
Several equities analysts have weighed in on the company. Raymond James Financial assumed coverage on Peoples Utah Bancorp in a report on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price target for the company. ValuEngine cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, BidaskClub cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Peoples Utah Bancorp by 3.7% in the 4th quarter. BlackRock Inc. now owns 691,658 shares of the bank’s stock worth $20,957,000 after purchasing an additional 24,847 shares during the period. Vanguard Group Inc. lifted its stake in shares of Peoples Utah Bancorp by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after acquiring an additional 15,655 shares during the last quarter. Davis Capital Partners LLC lifted its stake in shares of Peoples Utah Bancorp by 31.0% during the 4th quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock worth $16,327,000 after acquiring an additional 127,539 shares during the last quarter. Forest Hill Capital LLC lifted its stake in shares of Peoples Utah Bancorp by 0.6% during the 4th quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock worth $12,623,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its stake in shares of Peoples Utah Bancorp by 5.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock worth $8,143,000 after acquiring an additional 12,324 shares during the last quarter. Hedge funds and other institutional investors own 35.21% of the company’s stock.
Peoples Utah Bancorp (NASDAQ PUB) traded up $0.30 during midday trading on Thursday, reaching $30.65. The company’s stock had a trading volume of 35,675 shares, compared to its average volume of 25,397. The stock has a market cap of $564.61, a PE ratio of 28.10, a PEG ratio of 1.88 and a beta of 0.94. Peoples Utah Bancorp has a fifty-two week low of $24.63 and a fifty-two week high of $33.90.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $28.47 million during the quarter, compared to analysts’ expectations of $27.39 million. Peoples Utah Bancorp had a return on equity of 11.67% and a net margin of 19.74%. equities analysts forecast that Peoples Utah Bancorp will post 2.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 2nd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is 33.33%.
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Peoples 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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