Analysts Anticipate Peoples Utah Bancorp (NASDAQ:PUB) to Post $0.60 Earnings Per Share

Wall Street analysts expect Peoples Utah Bancorp (NASDAQ:PUB) to report earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Peoples Utah Bancorp’s earnings, with estimates ranging from $0.58 to $0.62. Peoples Utah Bancorp posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, October 23rd.

According to Zacks, analysts expect that Peoples Utah Bancorp will report full year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.34. For the next financial year, analysts forecast that the company will post earnings of $2.25 per share, with EPS estimates ranging from $2.20 to $2.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Peoples Utah Bancorp.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Thursday, July 25th. The bank reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $31.32 million during the quarter, compared to analyst estimates of $31.24 million. Peoples Utah Bancorp had a return on equity of 14.38% and a net margin of 32.16%.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. ValuEngine upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, DA Davidson reiterated a “neutral” rating on shares of Peoples Utah Bancorp in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.50.

Shares of PUB traded up $0.41 during mid-day trading on Monday, hitting $29.11. The stock had a trading volume of 27,113 shares, compared to its average volume of 30,453. The company has a market cap of $533.75 million, a PE ratio of 13.60 and a beta of 0.69. The company’s fifty day simple moving average is $28.12 and its two-hundred day simple moving average is $28.54. Peoples Utah Bancorp has a fifty-two week low of $25.18 and a fifty-two week high of $33.95.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $29.92, for a total transaction of $41,140.00. Following the completion of the transaction, the director now owns 3,813 shares in the company, valued at approximately $114,084.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wolfgang T. N. Muelleck sold 2,995 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $28.03, for a total value of $83,949.85. The disclosure for this sale can be found here. Insiders have sold a total of 39,709 shares of company stock valued at $1,100,229 in the last 90 days. Insiders own 17.34% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Peoples Utah Bancorp by 13.7% during the 2nd quarter. BlackRock Inc. now owns 944,017 shares of the bank’s stock valued at $27,755,000 after purchasing an additional 113,410 shares during the period. Northern Trust Corp raised its position in shares of Peoples Utah Bancorp by 0.4% during the second quarter. Northern Trust Corp now owns 202,682 shares of the bank’s stock worth $5,960,000 after purchasing an additional 773 shares during the period. Renaissance Technologies LLC raised its position in shares of Peoples Utah Bancorp by 10.7% during the second quarter. Renaissance Technologies LLC now owns 160,900 shares of the bank’s stock worth $4,730,000 after purchasing an additional 15,600 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Peoples Utah Bancorp by 4.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 95,633 shares of the bank’s stock worth $2,812,000 after purchasing an additional 4,396 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Peoples Utah Bancorp by 19.3% during the second quarter. Bank of New York Mellon Corp now owns 84,980 shares of the bank’s stock worth $2,498,000 after purchasing an additional 13,740 shares during the period. Institutional investors and hedge funds own 37.04% of the company’s stock.

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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Earnings History and Estimates for Peoples Utah Bancorp (NASDAQ:PUB)

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