Favorable Press Coverage Somewhat Unlikely to Impact Peoples Utah Bancorp (PUB) Share Price
Headlines about Peoples Utah Bancorp (NASDAQ:PUB) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Peoples Utah Bancorp earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news articles about the bank an impact score of 44.2755295473491 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Peoples Utah Bancorp (PUB) traded up $0.80 during trading hours on Monday, hitting $32.75. 27,300 shares of the company were exchanged, compared to its average volume of 25,215. The firm has a market cap of $590.34, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. Peoples Utah Bancorp has a 1-year low of $23.95 and a 1-year high of $33.60.
Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Peoples Utah Bancorp had a net margin of 27.33% and a return on equity of 11.15%. analysts forecast that Peoples Utah Bancorp will post 1.43 EPS for the current year.
In related news, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $30.60, for a total value of $574,331.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $32.54, for a total transaction of $65,080.00. The disclosure for this sale can be found here. Insiders sold a total of 72,100 shares of company stock worth $2,207,935 over the last quarter. 25.21% of the stock is currently owned by corporate insiders.
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Peoples Utah Bancorp Company Profile
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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