Peoples Utah Bancorp (NASDAQ:PUB) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 111,100 shares, an increase of 13.6% from the July 31st total of 97,800 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 35,000 shares, the short-interest ratio is currently 3.2 days.
PUB traded down $0.24 during trading hours on Friday, reaching $28.93. 1,101 shares of the stock traded hands, compared to its average volume of 21,218. The firm’s fifty day simple moving average is $27.84 and its two-hundred day simple moving average is $28.41. The company has a market cap of $526.79 million, a price-to-earnings ratio of 13.54, a PEG ratio of 1.51 and a beta of 0.68. Peoples Utah Bancorp has a fifty-two week low of $25.18 and a fifty-two week high of $36.30.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The business had revenue of $31.32 million during the quarter, compared to analyst estimates of $31.24 million. Peoples Utah Bancorp had a net margin of 32.16% and a return on equity of 14.38%. Analysts predict that Peoples Utah Bancorp will post 2.31 EPS for the current year.
Several research firms have recently issued reports on PUB. DA Davidson reissued a “neutral” rating on shares of Peoples Utah Bancorp in a research report on Tuesday, July 30th. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday. Finally, ValuEngine lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.00.
In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $29.14, for a total value of $40,067.50. Following the completion of the sale, the director now owns 15,286 shares of the company’s stock, valued at $445,434.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wolfgang T. N. Muelleck sold 2,995 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $28.03, for a total transaction of $83,949.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,584 shares of company stock worth $1,300,127. 17.34% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUB. SG Americas Securities LLC acquired a new position in Peoples Utah Bancorp during the 1st quarter worth $121,000. BNP Paribas Arbitrage SA grew its holdings in Peoples Utah Bancorp by 107,166.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,218 shares of the bank’s stock worth $85,000 after acquiring an additional 3,215 shares in the last quarter. Crewe Advisors LLC acquired a new position in Peoples Utah Bancorp during the 1st quarter worth $53,000. Victory Capital Management Inc. grew its holdings in Peoples Utah Bancorp by 22.7% during the 1st quarter. Victory Capital Management Inc. now owns 36,545 shares of the bank’s stock worth $964,000 after acquiring an additional 6,751 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Peoples Utah Bancorp in the 2nd quarter worth about $570,000. 37.04% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Outperform Rating
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