Zacks: Peoples Utah Bancorp (NASDAQ:PUB) Given $19.83 Consensus Price Target by Brokerages
Shares of Peoples Utah Bancorp (NASDAQ:PUB) have been given a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Peoples Utah Bancorp’s rating score has declined by 39.5% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price objective of $19.83 for the company and are anticipating that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 184 out of 265 based on the ratings given to its competitors.
PUB has been the topic of several recent analyst reports. DA Davidson cut Peoples Utah Bancorp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $22.00 in a report on Friday, September 9th. Zacks Investment Research cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.
Shares of Peoples Utah Bancorp (NASDAQ:PUB) opened at 20.60 on Tuesday. Peoples Utah Bancorp has a 12 month low of $14.16 and a 12 month high of $21.28. The company has a market cap of $365.77 million, a PE ratio of 17.70 and a beta of 0.80. The firm’s 50-day moving average price is $19.59 and its 200-day moving average price is $17.48.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Peoples Utah Bancorp had a return on equity of 9.85% and a net margin of 24.69%. Equities analysts predict that Peoples Utah Bancorp will post $1.22 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of Peoples Utah Bancorp by 355.9% in the second quarter. BlackRock Fund Advisors now owns 337,018 shares of the company’s stock worth $5,594,000 after buying an additional 263,098 shares in the last quarter. BlackRock Investment Management LLC raised its position in Peoples Utah Bancorp by 576.6% in the second quarter. BlackRock Investment Management LLC now owns 53,617 shares of the company’s stock valued at $890,000 after buying an additional 45,693 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Peoples Utah Bancorp by 2.0% in the second quarter. Pacific Ridge Capital Partners LLC now owns 144,261 shares of the company’s stock valued at $2,395,000 after buying an additional 2,890 shares during the period. Vanguard Group Inc. raised its position in Peoples Utah Bancorp by 30.5% in the second quarter. Vanguard Group Inc. now owns 298,015 shares of the company’s stock valued at $4,947,000 after buying an additional 69,652 shares during the period. Finally, Victory Capital Management Inc. raised its position in Peoples Utah Bancorp by 0.7% in the second quarter. Victory Capital Management Inc. now owns 40,130 shares of the company’s stock valued at $666,000 after buying an additional 275 shares during the period. 26.16% of the stock is currently owned by institutional investors and hedge funds.
Peoples Utah Bancorp Company Profile
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.
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