People’s Utah Bancorp (PUB) Lowered to “Sell” at BidaskClub

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

Several other equities analysts have also recently commented on the company. Zacks Investment Research cut People’s Utah Bancorp from a buy rating to a hold rating in a report on Wednesday, April 4th. Raymond James began coverage on People’s Utah Bancorp in a report on Wednesday, January 17th. They issued an outperform rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. People’s Utah Bancorp currently has a consensus rating of Hold and a consensus target price of $35.00.

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NASDAQ PUB opened at $32.75 on Tuesday. People’s Utah Bancorp has a twelve month low of $24.63 and a twelve month high of $33.90. The stock has a market cap of $599.44, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87.

People’s Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. People’s Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. The business had revenue of $28.47 million during the quarter, compared to analysts’ expectations of $27.39 million. analysts forecast that People’s Utah Bancorp will post 2.02 earnings per share for the current fiscal year.

In other news, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $30.59, for a total value of $61,180.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $32.13, for a total value of $54,621.00. Following the completion of the sale, the director now owns 56,176 shares in the company, valued at $1,804,934.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,607 shares of company stock valued at $842,311. Insiders own 18.33% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PUB. New York State Common Retirement Fund grew its stake in shares of People’s Utah Bancorp by 48.5% in the 3rd quarter. New York State Common Retirement Fund now owns 19,899 shares of the bank’s stock valued at $646,000 after purchasing an additional 6,499 shares during the period. Bank of New York Mellon Corp grew its stake in shares of People’s Utah Bancorp by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 65,801 shares of the bank’s stock valued at $2,135,000 after purchasing an additional 1,675 shares during the period. Macquarie Group Ltd. bought a new stake in shares of People’s Utah Bancorp in the 3rd quarter valued at approximately $182,000. Wells Fargo & Company MN grew its stake in shares of People’s Utah Bancorp by 15.9% in the 3rd quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock valued at $408,000 after purchasing an additional 2,047 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of People’s Utah Bancorp by 29.6% in the 3rd 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 during the period. Institutional investors own 34.52% of the company’s stock.

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People’s 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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