Wall Street analysts expect People’s Utah Bancorp (NASDAQ:PUB) to report earnings per share (EPS) of $0.36 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for People’s Utah Bancorp’s earnings, with estimates ranging from $0.35 to $0.36. People’s Utah Bancorp posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The company is expected to issue its next earnings report on Wednesday, October 25th.

On average, analysts expect that People’s Utah Bancorp will report full year earnings of $1.44 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.72 per share, with EPS estimates ranging from $1.69 to $1.75. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow People’s Utah Bancorp.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $23.33 million during the quarter, compared to analysts’ expectations of $22.80 million. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%.

Several equities research analysts recently issued reports on PUB shares. BidaskClub lowered shares of People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. TheStreet raised shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th. Finally, ValuEngine raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

In other People’s Utah Bancorp news, CEO Richard T. Beard sold 25,951 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $27.50, for a total transaction of $713,652.50. Following the completion of the sale, the chief executive officer now directly owns 137,729 shares of the company’s stock, valued at approximately $3,787,547.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jr. Fred W. Fairclough sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $27.67, for a total transaction of $276,700.00. The disclosure for this sale can be found here. Insiders sold a total of 181,080 shares of company stock valued at $4,915,639 over the last three months. 25.21% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in People’s Utah Bancorp by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after buying an additional 1,156 shares in the last quarter. State Street Corp grew its holdings in People’s Utah Bancorp by 14.4% during the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock valued at $6,036,000 after buying an additional 28,411 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in People’s Utah Bancorp during the 2nd quarter valued at approximately $264,000. Dimensional Fund Advisors LP grew its holdings in People’s Utah Bancorp by 42.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock valued at $3,476,000 after buying an additional 38,923 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in People’s Utah Bancorp by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock valued at $15,193,000 after buying an additional 15,655 shares in the last quarter. 31.14% of the stock is owned by institutional investors and hedge funds.

Shares of People’s Utah Bancorp (PUB) traded up 0.17% during trading on Thursday, reaching $30.10. 333 shares of the company traded hands. People’s Utah Bancorp has a 52 week low of $18.49 and a 52 week high of $30.60. The company’s 50-day moving average price is $28.63 and its 200-day moving average price is $28.63. The company has a market capitalization of $540.54 million, a P/E ratio of 21.35 and a beta of 0.98.

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People’s Utah Bancorp Company Profile

People’s Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, two residential mortgage offices and other support facilities operated through its banking subsidiary, People’s Intermountain Bank (PIB or the Bank). The Company provides full-service retail banking in the state of Utah, including a range of banking and related services to locally owned businesses, professional firms, real-estate developers, residential home builders, high net-worth individuals, investors and other customers.

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