Peoples Utah Bancorp (PUB) Upgraded by BidaskClub to Hold
Peoples Utah Bancorp (NASDAQ:PUB) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.
A number of other equities research analysts have also issued reports on PUB. Raymond James Financial began coverage on Peoples Utah Bancorp in a research note on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price target for the company. Zacks Investment Research lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.00.
Shares of Peoples Utah Bancorp (PUB) opened at $30.40 on Friday. Peoples Utah Bancorp has a one year low of $24.63 and a one year high of $33.90. The stock has a market capitalization of $562.76, a P/E ratio of 28.15, a P/E/G ratio of 1.88 and a beta of 0.94.
A number of hedge funds and other institutional investors have recently modified their holdings of PUB. Schwab Charles Investment Management Inc. raised its position in Peoples Utah Bancorp by 40.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock valued at $665,000 after purchasing an additional 7,200 shares in the last quarter. Bank of New York Mellon Corp raised its position in Peoples Utah Bancorp by 13.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,126 shares of the bank’s stock valued at $1,719,000 after purchasing an additional 7,817 shares in the last quarter. Swiss National Bank bought a new stake in Peoples Utah Bancorp during the 2nd quarter valued at $641,000. Alliancebernstein L.P. bought a new stake in Peoples Utah Bancorp during the 2nd quarter valued at $247,000. Finally, Teachers Advisors LLC raised its position in Peoples Utah Bancorp by 4.5% during the 2nd quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock valued at $608,000 after purchasing an additional 987 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.
About Peoples Utah Bancorp
People’s Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, 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 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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