Peoples Utah Bancorp (NASDAQ:PUB) Stock Rating Lowered by BidaskClub

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Peoples Utah Bancorp (NASDAQ:PUB) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, September 20th.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Raymond James lowered Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 2nd. Finally, ValuEngine lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th.

PUB stock traded down $0.87 during midday trading on Thursday, reaching $31.96. 46,586 shares of the stock were exchanged, compared to its average volume of 29,991. The firm has a market capitalization of $635.06 million, a P/E ratio of 20.89, a P/E/G ratio of 2.01 and a beta of 0.89. Peoples Utah Bancorp has a 52 week low of $29.05 and a 52 week high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Thursday, July 26th. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $31.04 million for the quarter, compared to analyst estimates of $30.79 million. Peoples Utah Bancorp had a return on equity of 13.24% and a net margin of 22.22%. On average, sell-side analysts anticipate that Peoples Utah Bancorp will post 2.11 earnings per share for the current fiscal year.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $33.62, for a total transaction of $46,227.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $35.56, for a total value of $60,452.00. Following the transaction, the director now directly owns 45,861 shares in the company, valued at $1,630,817.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,900 shares of company stock worth $450,213. 18.33% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Peoples Utah Bancorp by 19.3% in the second quarter. BlackRock Inc. now owns 836,720 shares of the bank’s stock worth $29,871,000 after purchasing an additional 135,456 shares during the last quarter. Davis Capital Partners LLC raised its stake in shares of Peoples Utah Bancorp by 1.2% in the second quarter. Davis Capital Partners LLC now owns 750,000 shares of the bank’s stock worth $26,775,000 after purchasing an additional 8,764 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Peoples Utah Bancorp by 69.4% in the second quarter. Wasatch Advisors Inc. now owns 489,856 shares of the bank’s stock worth $17,488,000 after purchasing an additional 200,720 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Peoples Utah Bancorp by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 343,492 shares of the bank’s stock worth $12,263,000 after purchasing an additional 70,210 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Peoples Utah Bancorp by 19.6% in the second quarter. Northern Trust Corp now owns 192,245 shares of the bank’s stock worth $6,862,000 after purchasing an additional 31,522 shares during the last quarter. 38.71% of the stock is owned by hedge funds and other institutional investors.

About Peoples 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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