Is People's Utah Bancorp (PUB)’s Fuel Running Low? The Stock Formed Ascending Triangle Pattern

May 18, 2018 - By Samual Williams

The stock of People's Utah Bancorp (PUB) formed an ascending triangle with $30.80 target or 9.00 % below today’s $33.85 share price. The 9 months triangle pattern indicates high risk for the $632.12 million company. If the $30.80 price target is reached, the company will be worth $56.89 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 2.73% or $0.9 during the last trading session, reaching $33.85. About 15,664 shares traded. People's Utah Bancorp (NASDAQ:PUB) has risen 20.19% since May 18, 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 earnings per share, up 48.57 % or $0.17 from last year’s $0.35 per share. PUB’s profit will be $9.71M for 16.27 P/E if the $0.52 EPS becomes a reality. After $0.49 actual earnings per share 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. The rating was maintained by Sandler O’Neill on Thursday, January 25 with “Hold”. Raymond James initiated People's Utah Bancorp (NASDAQ:PUB) on Wednesday, January 17 with “Buy” rating.

More recent People's Utah Bancorp (NASDAQ:PUB) news were published by: Nasdaq.com which released: “People’s Utah Bancorp Reports First Quarter Results and Announces Increased Quarterly Dividend Payment” on April 25, 2018. Also Streetinsider.com published the news titled: “UPDATE: People’s Utah Bancorp (PUB) Raises Quarterly Dividend 11.1% to $0.1; 1.2% Yield” on April 25, 2018. Seekingalpha.com‘s news article titled: “People’s Utah Bancorp’s (PUB) CEO Len Williams on Q1 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018 was also an interesting one.

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 $632.12 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 31.34 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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