Analysts at Raymond James Financial began coverage on shares of Peoples Utah Bancorp (NASDAQ:PUB) in a note issued to investors on Wednesday. The brokerage set an “outperform” rating on the bank’s stock.

Several other brokerages also recently issued reports on PUB. Zacks Investment Research downgraded Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.00.

Shares of Peoples Utah Bancorp (PUB) traded up $0.15 during trading hours on Wednesday, hitting $31.95. The stock had a trading volume of 14,700 shares, compared to its average volume of 26,110. Peoples Utah Bancorp has a twelve month low of $23.95 and a twelve month high of $33.60. The stock has a market capitalization of $573.22, a P/E ratio of 22.66, a P/E/G ratio of 2.17 and a beta of 0.98.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Peoples Utah Bancorp had a return on equity of 11.15% and a net margin of 27.33%. research analysts predict that Peoples Utah Bancorp will post 1.44 earnings per share for the current fiscal year.

In related news, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $32.54, for a total value of $65,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 10,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.07, for a total value of $300,700.00. The disclosure for this sale can be found here. Insiders sold 70,100 shares of company stock valued at $2,144,535 over the last quarter. Insiders own 25.21% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PUB. Davis Capital Partners LLC increased its stake in Peoples Utah Bancorp by 68.7% in the third quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock valued at $13,346,000 after purchasing an additional 167,536 shares during the last quarter. John W. Rosenthal Capital Management Inc. acquired a new stake in Peoples Utah Bancorp during the third quarter worth about $2,596,000. Dimensional Fund Advisors LP increased its stake in Peoples Utah Bancorp by 42.9% during the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after acquiring an additional 38,923 shares during the last quarter. State Street Corp increased its stake in Peoples Utah Bancorp by 14.4% during the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after acquiring an additional 28,411 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Peoples Utah Bancorp during the third quarter worth about $785,000. Hedge funds and other institutional investors own 31.82% of the company’s stock.

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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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