Brokerages Expect Peoples Utah Bancorp (PUB) Will Post Earnings of $0.55 Per Share

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Equities analysts expect Peoples Utah Bancorp (NASDAQ:PUB) to announce earnings of $0.55 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Peoples Utah Bancorp’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.55. Peoples Utah Bancorp posted earnings per share of $0.49 during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The company is expected to issue its next quarterly earnings report on Wednesday, April 24th.

On average, analysts expect that Peoples Utah Bancorp will report full-year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.30. For the next year, analysts forecast that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Peoples Utah Bancorp.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Monday, January 28th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Peoples Utah Bancorp had a net margin of 31.00% and a return on equity of 14.65%. The company had revenue of $31.63 million during the quarter, compared to the consensus estimate of $31.07 million.

PUB has been the subject of several recent research reports. ValuEngine upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Finally, BidaskClub upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th.

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $28.53, for a total transaction of $39,228.75. Following the completion of the sale, the director now owns 33,161 shares in the company, valued at $946,083.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul R. Gunther sold 1,000 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. The disclosure for this sale can be found here. Insiders have sold 53,732 shares of company stock valued at $1,571,080 in the last quarter. Insiders own 18.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC raised its stake in Peoples Utah Bancorp by 57.5% during the third quarter. MetLife Investment Advisors LLC now owns 11,043 shares of the bank’s stock worth $375,000 after acquiring an additional 4,032 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 772,678 shares of the bank’s stock worth $26,233,000 after purchasing an additional 34,600 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 772,678 shares of the bank’s stock worth $26,233,000 after purchasing an additional 34,600 shares in the last quarter. Matarin Capital Management LLC bought a new position in shares of Peoples Utah Bancorp in the 3rd quarter worth $1,005,000. Finally, Rhumbline Advisers lifted its holdings 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 worth $596,000 after purchasing an additional 6,537 shares in the last quarter. 37.59% of the stock is owned by hedge funds and other institutional investors.

Shares of PUB traded down $0.68 during mid-day trading on Friday, hitting $27.00. 440 shares of the company’s stock were exchanged, compared to its average volume of 23,810. Peoples Utah Bancorp has a fifty-two week low of $26.44 and a fifty-two week high of $38.70. The company has a market capitalization of $526.83 million, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.53 and a beta of 0.66.

Peoples Utah Bancorp Company Profile

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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