Q1 2019 EPS Estimates for Peoples Utah Bancorp Lifted by Analyst (PUB)

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Peoples Utah Bancorp (NASDAQ:PUB) – FIG Partners boosted their Q1 2019 earnings estimates for shares of Peoples Utah Bancorp in a report released on Tuesday, January 29th. FIG Partners analyst J. Rodis now expects that the bank will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.51. FIG Partners also issued estimates for Peoples Utah Bancorp’s Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.30 EPS and FY2020 earnings at $2.40 EPS.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Monday, January 28th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Peoples Utah Bancorp had a net margin of 31.00% and a return on equity of 14.90%. The business had revenue of $31.63 million for the quarter, compared to analyst estimates of $31.07 million.

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Finally, ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th.

NASDAQ:PUB opened at $29.40 on Thursday. Peoples Utah Bancorp has a 52 week low of $27.78 and a 52 week high of $38.70. The stock has a market cap of $546.61 million, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.62 and a beta of 0.81.

A number of hedge funds have recently added to or reduced their stakes in PUB. D.A. Davidson & CO. boosted its stake in shares of Peoples Utah Bancorp by 70.6% in the 4th quarter. D.A. Davidson & CO. now owns 10,871 shares of the bank’s stock valued at $328,000 after purchasing an additional 4,500 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Peoples Utah Bancorp by 57.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,043 shares of the bank’s stock valued at $375,000 after purchasing an additional 4,032 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Peoples Utah Bancorp by 49.4% in the 4th quarter. Rhumbline Advisers now owns 19,774 shares of the bank’s stock valued at $596,000 after purchasing an additional 6,537 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Peoples Utah Bancorp by 33.3% in the 2nd quarter. Millennium Management LLC now owns 17,086 shares of the bank’s stock valued at $610,000 after purchasing an additional 4,268 shares in the last quarter. Finally, Matarin Capital Management LLC acquired a new stake in shares of Peoples Utah Bancorp in the 3rd quarter valued at approximately $1,005,000. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $33.05, for a total value of $45,443.75. Following the transaction, the director now directly owns 37,286 shares of the company’s stock, valued at approximately $1,232,302.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 16,500 shares of company stock worth $498,080. Insiders own 18.33% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Monday, February 4th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, February 1st. Peoples Utah Bancorp’s dividend payout ratio is currently 20.56%.

About Peoples Utah Bancorp

People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.

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