Peoples Utah Bancorp (NASDAQ:PUB) Expected to Announce Earnings of $0.60 Per Share

Brokerages forecast that Peoples Utah Bancorp (NASDAQ:PUB) will post earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Peoples Utah Bancorp’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.62. Peoples Utah Bancorp posted earnings of $0.55 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The firm is expected to report its next earnings results on Wednesday, October 23rd.

On average, analysts expect that Peoples Utah Bancorp will report full year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.35. For the next fiscal year, analysts anticipate that the business will report earnings of $2.28 per share, with EPS estimates ranging from $2.24 to $2.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Peoples Utah Bancorp.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Peoples Utah Bancorp had a net margin of 32.16% and a return on equity of 14.66%. The firm had revenue of $31.32 million during the quarter, compared to analysts’ expectations of $31.24 million.

Several equities research analysts have recently weighed in on PUB shares. ValuEngine cut shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. DA Davidson reiterated a “neutral” rating on shares of Peoples Utah Bancorp in a research report on Tuesday, July 30th. Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $34.00 price objective for the company in a research report on Tuesday, July 30th. FIG Partners cut shares of Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, April 29th. Finally, BidaskClub upgraded shares of Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Peoples Utah Bancorp presently has an average rating of “Hold” and an average price target of $32.50.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $29.87, for a total transaction of $41,071.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul R. Gunther sold 5,200 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $30.05, for a total transaction of $156,260.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,075 shares of company stock valued at $675,171. 17.34% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PUB. Advisor Group Inc. bought a new position in Peoples Utah Bancorp during the fourth quarter worth $45,000. Crewe Advisors LLC bought a new position in shares of Peoples Utah Bancorp in the first quarter valued at $53,000. Marshall Wace North America L.P. bought a new position in shares of Peoples Utah Bancorp in the first quarter valued at $58,000. Marshall Wace LLP bought a new position in shares of Peoples Utah Bancorp in the first quarter valued at $80,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Peoples Utah Bancorp by 107,166.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,218 shares of the bank’s stock valued at $85,000 after buying an additional 3,215 shares in the last quarter. 37.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of PUB traded up $0.17 during trading hours on Tuesday, hitting $28.69. 17,100 shares of the stock were exchanged, compared to its average volume of 31,126. Peoples Utah Bancorp has a fifty-two week low of $25.18 and a fifty-two week high of $36.51. The business’s 50-day simple moving average is $29.26. The company has a market capitalization of $540.55 million, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.55 and a beta of 0.63.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, August 2nd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 24.30%.

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

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