People’s Utah Bancorp (PUB) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of People’s Utah Bancorp (NASDAQ:PUB) from a sell rating to a hold rating in a report published on Tuesday.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded People’s Utah Bancorp from a buy rating to a hold rating in a research report on Wednesday, April 4th. Raymond James assumed coverage on People’s Utah Bancorp in a research report on Wednesday, January 17th. They set an outperform rating and a $35.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $35.00.

Shares of NASDAQ:PUB opened at $32.20 on Tuesday. The stock has a market capitalization of $611.58, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. People’s Utah Bancorp has a 52-week low of $24.63 and a 52-week high of $33.90.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The company had revenue of $28.47 million for the quarter, compared to the consensus estimate of $27.39 million. People’s Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. sell-side analysts predict that People’s Utah Bancorp will post 2.02 EPS for the current year.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $32.13, for a total transaction of $54,621.00. Following the sale, the director now directly owns 56,176 shares of the company’s stock, valued at $1,804,934.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rick W. Anderson sold 4,707 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $32.57, for a total value of $153,306.99. Following the sale, the insider now directly owns 9,293 shares in the company, valued at $302,673.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,907 shares of company stock worth $787,469. 18.33% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. Davis Capital Partners LLC boosted its holdings in People’s Utah Bancorp by 31.0% during the fourth quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock valued at $16,327,000 after purchasing an additional 127,539 shares in the last quarter. Keeler Thomas Management LLC acquired a new stake in People’s Utah Bancorp during the fourth quarter valued at approximately $1,217,000. Dimensional Fund Advisors LP boosted its holdings in People’s Utah Bancorp by 29.6% during the third quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock valued at $5,455,000 after purchasing an additional 38,397 shares in the last quarter. BlackRock Inc. boosted its holdings in People’s Utah Bancorp by 3.7% during the fourth quarter. BlackRock Inc. now owns 691,658 shares of the bank’s stock valued at $20,957,000 after purchasing an additional 24,847 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in People’s Utah Bancorp by 48.3% during the fourth quarter. Deutsche Bank AG now owns 46,827 shares of the bank’s stock valued at $1,418,000 after purchasing an additional 15,261 shares in the last quarter. 34.29% of the stock is currently owned by institutional investors.

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About People’s 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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