The stock of Peoples Utah Bancorp (NASDAQ:PUB) reached all time high today, Nov, 14 and still has $36.87 target or 61.00% above today’s $22.90 share price. This indicates more upside for the $448.41 million company. This technical setup was reported by Barchart.com. If the $36.87 PT is reached, the company will be worth $273.53 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 70,263 shares traded hands or 57.71% up from the average. Peoples Utah Bancorp (NASDAQ:PUB) has risen 38.54% since April 12, 2016 and is uptrending. It has outperformed by 33.56% the S&P500.
According to Zacks Investment Research, “People’s Utah Bancorp is a bank holding company which provides banking products and services primarily in the United States. It offers deposit services, commercial, personal and mortgage loans, mobile and Internet banking services; automatic teller machine services as well as business cash management services. The company serves businesses, professional firms, real estate developers, residential home builders, high net-worth individuals, investors and other customers. People’s Utah Bancorp is headquartered in American Fork, Utah.”
More important recent Peoples Utah Bancorp (NASDAQ:PUB) news were published by: Businesswire.com which released: “People’s Utah Bancorp Reports Completion of Merger of Subsidiary Bank Charters” on September 30, 2015, also Nasdaq.com published article titled: “People’s Utah Bancorp (PUB) Ex-Dividend Date Scheduled for October 28, 2016”, Globenewswire.com published: “People’s Utah Bancorp Reports Third Quarter 2016 Results” on October 26, 2016. More interesting news about Peoples Utah Bancorp (NASDAQ:PUB) was released by: Reuters.com and their article: “BRIEF-People’S Utah Bancorp reports third quarter 2016 results” with publication date: October 26, 2016.
PUB Company Profile
People’s Utah Bancorp, incorporated on December 27, 1999, is a bank holding company. The Firm has approximately 20 retail banking locations, over two residential mortgage offices and other support facilities operated through its banking subsidiary, People’s Intermountain Bank (PIB or the Bank). The Firm provides full-service retail banking in various population centers 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. It also provides a range of banking services and products to individuals.
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