Wall Street brokerages expect Peoples Utah Bancorp (NASDAQ:PUB) to announce $0.48 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Peoples Utah Bancorp’s earnings, with estimates ranging from $0.45 to $0.49. Peoples Utah Bancorp posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Peoples Utah Bancorp will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.08. For the next financial year, analysts expect that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.15 to $2.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Peoples Utah Bancorp.
Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Peoples Utah Bancorp had a net margin of 19.74% and a return on equity of 11.67%. The firm had revenue of $28.47 million during the quarter, compared to the consensus estimate of $27.39 million.
In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 2,000 shares of Peoples Utah Bancorp stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $30.41, for a total value of $60,820.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of Peoples Utah Bancorp stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $31.08, for a total transaction of $52,836.00. Following the completion of the transaction, the director now directly owns 77,476 shares in the company, valued at $2,407,954.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,200 shares of company stock worth $623,562. 25.21% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. John W. Rosenthal Capital Management Inc. purchased a new position in Peoples Utah Bancorp in the third quarter worth $2,596,000. State Street Corp grew its holdings in Peoples Utah Bancorp by 14.4% in the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after purchasing an additional 28,411 shares during the last quarter. Sei Investments Co. grew its holdings in Peoples Utah Bancorp by 31.3% in the third quarter. Sei Investments Co. now owns 33,511 shares of the bank’s stock worth $1,087,000 after purchasing an additional 7,991 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Peoples Utah Bancorp by 40.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock worth $665,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in Peoples Utah Bancorp by 5.2% in the third quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock worth $8,143,000 after purchasing an additional 12,324 shares during the last quarter. 35.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Peoples Utah Bancorp (PUB) opened at $30.35 on Thursday. Peoples Utah Bancorp has a 12 month low of $24.63 and a 12 month high of $33.90. The firm has a market cap of $564.61, a P/E ratio of 28.10, a PEG ratio of 1.88 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 2nd. Peoples Utah Bancorp’s payout ratio is 33.33%.
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Peoples Utah Bancorp Company Profile
People’s Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, two residential mortgage offices and other support facilities operated through its banking subsidiary, People’s Intermountain Bank (PIB or the Bank). The Company provides full-service retail banking 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.
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