Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating. Peoples Utah Bancorp’s rating score has declined by 79.6% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price objective of $20.50 for the company and are expecting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Peoples Utah Bancorp an industry rank of 109 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on PUB. DA Davidson downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $22.00 in a report on Friday, September 9th. Zacks Investment Research cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. purchased a new position in Peoples Utah Bancorp during the second quarter worth approximately $293,000. Stifel Financial Corp purchased a new position in Peoples Utah Bancorp during the second quarter worth approximately $1,245,000. Metropolitan Life Insurance Co. NY purchased a new position in Peoples Utah Bancorp during the second quarter worth approximately $172,000. Panagora Asset Management Inc. purchased a new position in Peoples Utah Bancorp during the second quarter worth approximately $168,000. Finally, State Street Corp boosted its position in Peoples Utah Bancorp by 471.5% in the second quarter. State Street Corp now owns 116,709 shares of the company’s stock worth $1,939,000 after buying an additional 96,287 shares during the last quarter. 26.16% of the stock is currently owned by hedge funds and other institutional investors.
Peoples Utah Bancorp (NASDAQ:PUB) opened at 19.31 on Monday. The company has a 50 day moving average of $20.10 and a 200-day moving average of $17.92. The stock has a market capitalization of $342.87 million, a P/E ratio of 16.59 and a beta of 0.79. Peoples Utah Bancorp has a 52-week low of $14.16 and a 52-week high of $21.28.
Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Peoples Utah Bancorp had a net margin of 24.69% and a return on equity of 9.85%. Equities research analysts anticipate that Peoples Utah Bancorp will post $1.22 EPS for the current year.
About Peoples Utah Bancorp
People’s Utah Bancorp is a bank holding company. The Company has approximately 20 retail banking locations, over 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 various population centers 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.