Time to Reconsider People's Utah Bancorp (PUB) After Achieving 52-Week High?

May 23, 2018 - By Migdalia James

The stock of People's Utah Bancorp (NASDAQ:PUB) hit a new 52-week high and has $37.12 target or 5.00 % above today’s $35.35 share price. The 9 months bullish chart indicates low risk for the $660.32M company. The 1-year high was reported on May, 23 by Barchart.com. If the $37.12 price target is reached, the company will be worth $33.02M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.00% or $0.35 during the last trading session, reaching $35.35. About 29,406 shares traded or 6.59% up from the average. People's Utah Bancorp (NASDAQ:PUB) has risen 20.19% since May 23, 2017 and is uptrending. It has outperformed by 8.64% the S&P500.

Analysts await People's Utah Bancorp (NASDAQ:PUB) to report earnings on July, 25. They expect $0.52 EPS, up 48.57 % or $0.17 from last year’s $0.35 per share. PUB’s profit will be $9.71 million for 17.00 P/E if the $0.52 EPS becomes a reality. After $0.49 actual EPS reported by People's Utah Bancorp for the previous quarter, Wall Street now forecasts 6.12 % EPS growth.

People's Utah Bancorp (NASDAQ:PUB) Ratings Coverage

Among 2 analysts covering People’s Utah Bancorp (NASDAQ:PUB), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. People’s Utah Bancorp had 2 analyst reports since January 17, 2018 according to SRatingsIntel. Raymond James initiated the stock with “Buy” rating in Wednesday, January 17 report. On Thursday, January 25 the stock rating was maintained by Sandler O’Neill with “Hold”.

More news for People's Utah Bancorp (NASDAQ:PUB) were recently published by: Nasdaq.com, which released: “People’s Utah Bancorp Reports First Quarter Results and Announces Increased Quarterly Dividend Payment” on April 25, 2018. Seekingalpha.com‘s article titled: “People’s Utah Bancorp’s (PUB) CEO Len Williams on Q1 2018 Results – Earnings Call Transcript” and published on April 26, 2018 is yet another important article.

People's Utah Bancorp operates as the bank holding firm for PeopleÂ’s Intermountain Bank that provides commercial and retail banking services and products in the United States. The company has market cap of $660.32 million. It offers a range of deposit services and products, such as personal checking and savings accounts, and other consumer banking products, including electronic banking; construction, acquisition, and development loans; commercial real estate, residential mortgage, and commercial and industrial loans; and equipment lease financing, and leasing services and products. It has a 32.73 P/E ratio. The firm also offers consumer loans, such as home equity loans, home improvement loans, automobile loans, debt consolidation loans, and general consumer lending; SBA loans; mobile and Internet banking, automatic teller machines, treasury management services, remote deposit capture, and bill pay; and other products, such as cashierÂ’s checks, money orders, credit and debit cards, and safe deposit services.

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