The People’s Utah Bancorp (PUB) shares are trading at higher $21.95 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $23.25.
To add more color to this target, the company’s high over the last year is $31.27 and the low is $13.55. Over the last 52 weeks, PUB is down -29.80% while the S&P 500 is up 1.47%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, PUB reported a profit of $27.22 million. People’s Utah Bancorp also saw revenues increase to $29.38 million. In addition, PUB has free cash flow of $6.25 million as of 03-2020.
PUB booked profit margins of 37.40%, its Return on Equity (ROE) is 13.60%, and its Return on Assets is 1.90%. All told, it is clear that, PUB needs to be on your watchlist.
Find out when PUB reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PUB has a short ratio of 3.99 and outstanding shares of 18.89M.
PUB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 94220.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.34. Investors should also keep an eye on sector updates as PUB has historically followed its peers on positive news.
All told, People’s Utah Bancorp PUB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PUB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
People’s Utah Bancorp PUB is now commanding a market cap of 434.61M and a float of 11.38M. PUB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PUB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PUB, either long or short, and we have not been compensated for this article.