Peoples Utah Bancorp (PUB) to Post FY2018 Earnings of $2.11 Per Share, FIG Partners Forecasts

Peoples Utah Bancorp (NASDAQ:PUB) – Analysts at FIG Partners increased their FY2018 earnings per share estimates for shares of Peoples Utah Bancorp in a note issued to investors on Wednesday, January 9th. FIG Partners analyst J. Rodis now forecasts that the bank will post earnings of $2.11 per share for the year, up from their prior forecast of $2.10. FIG Partners also issued estimates for Peoples Utah Bancorp’s FY2020 earnings at $2.37 EPS.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $30.98 million during the quarter, compared to the consensus estimate of $30.60 million. Peoples Utah Bancorp had a net margin of 24.05% and a return on equity of 14.14%.

Several other equities analysts also recently issued reports on PUB. BidaskClub downgraded shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, October 30th. Finally, ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th.

NASDAQ:PUB opened at $30.08 on Thursday. The stock has a market cap of $568.89 million, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81. Peoples Utah Bancorp has a 52 week low of $27.81 and a 52 week high of $38.70.

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in shares of Peoples Utah Bancorp in the second quarter worth about $244,000. Citadel Advisors LLC bought a new position in shares of Peoples Utah Bancorp in the second quarter worth about $254,000. MetLife Investment Advisors LLC raised its stake in shares of Peoples Utah Bancorp by 57.5% in 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 during the last quarter. Rhumbline Advisers raised its stake in shares of Peoples Utah Bancorp by 14.3% in the second quarter. Rhumbline Advisers now owns 14,076 shares of the bank’s stock worth $503,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Peoples Utah Bancorp by 33.3% in the second quarter. Millennium Management LLC now owns 17,086 shares of the bank’s stock worth $610,000 after acquiring an additional 4,268 shares during the last quarter. 38.01% of the stock is owned by institutional investors.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of Peoples Utah Bancorp stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $31.87, for a total transaction of $43,821.25. Following the completion of the transaction, the director now directly owns 40,036 shares of the company’s stock, valued at approximately $1,275,947.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 16,500 shares of company stock valued at $508,131 over the last three months. 18.33% of the stock is currently owned by insiders.

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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