Peoples Utah Bancorp (NASDAQ:PUB) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a research note on Wednesday, December 27th. ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Raymond James Financial started coverage on shares of Peoples Utah Bancorp in a research report on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Peoples Utah Bancorp currently has a consensus rating of “Hold” and an average price target of $35.00.
Peoples Utah Bancorp (PUB) opened at $30.65 on Wednesday. The stock has a market cap of $564.61, a PE ratio of 28.10, a P/E/G ratio of 1.88 and a beta of 0.94. Peoples Utah Bancorp has a 12 month low of $24.63 and a 12 month high of $33.90.
In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $31.08, for a total transaction of $52,836.00. Following the sale, the director now directly owns 77,476 shares of the company’s stock, valued at approximately $2,407,954.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $30.17, for a total transaction of $60,340.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,200 shares of company stock worth $623,562 over the last three months. 25.21% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in Peoples Utah Bancorp during the 4th quarter valued at about $212,000. Forest Hill Capital LLC grew its position in Peoples Utah Bancorp by 0.6% during the 4th quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock valued at $12,623,000 after purchasing an additional 2,500 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Peoples Utah Bancorp by 48.3% during the 4th quarter. Deutsche Bank AG now owns 46,827 shares of the bank’s stock valued at $1,418,000 after acquiring an additional 15,261 shares during the last quarter. Cardinal Capital Management LLC CT boosted its holdings in shares of Peoples Utah Bancorp by 25.6% during the 4th quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock valued at $327,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Davis Capital Partners LLC boosted its holdings 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 valued at $16,327,000 after acquiring an additional 127,539 shares during the last quarter. 35.21% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Peoples Utah Bancorp (PUB) Stock Rating Lowered by BidaskClub” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3232035/peoples-utah-bancorp-pub-stock-rating-lowered-by-bidaskclub.html.
About Peoples Utah Bancorp
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.
Receive News & Ratings for Peoples Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.