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

PUB has been the subject of several other reports. Zacks Investment Research lowered Peoples Utah Bancorp from a buy rating to a hold rating in a research report on Tuesday, August 7th. ValuEngine upgraded Peoples Utah Bancorp from a hold rating to a buy rating in a report on Tuesday, May 22nd. Finally, Raymond James downgraded Peoples Utah Bancorp from an outperform rating to a market perform rating in a report on Thursday, August 2nd.

Shares of NASDAQ:PUB opened at $34.95 on Tuesday. The firm has a market cap of $659.38 million, a P/E ratio of 19.26, a P/E/G ratio of 2.09 and a beta of 0.87. Peoples Utah Bancorp has a 12-month low of $27.50 and a 12-month high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Thursday, July 26th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $31.04 million during 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%. equities research analysts anticipate that Peoples Utah Bancorp will post 2.11 earnings per share for the current year.

In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $35.70, for a total transaction of $71,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $36.71, for a total value of $62,407.00. Following the sale, the director now owns 47,676 shares of the company’s stock, valued at $1,750,185.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,800 shares of company stock valued at $533,116. Company insiders own 18.33% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. acquired a new stake in shares of Peoples Utah Bancorp in the 1st quarter valued at about $206,000. Prudential Financial Inc. acquired a new stake in shares of Peoples Utah Bancorp in the 1st quarter valued at about $241,000. GSA Capital Partners LLP acquired a new stake in shares of Peoples Utah Bancorp in the 2nd quarter valued at about $244,000. Citadel Advisors LLC acquired a new stake in shares of Peoples Utah Bancorp in the 2nd quarter valued at about $254,000. Finally, Millennium Management LLC acquired a new stake in shares of Peoples Utah Bancorp in the 1st quarter valued at about $414,000. Hedge funds and other institutional investors own 38.71% of the company’s stock.

Peoples 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.

Featured Article: Understanding Average Daily Trade Volume

Receive News & Ratings for Peoples Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.