Wall Street brokerages forecast that People’s Utah Bancorp (NASDAQ:PUB) will report $23.46 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for People’s Utah Bancorp’s earnings, with the lowest sales estimate coming in at $23.42 million and the highest estimate coming in at $23.50 million. People’s Utah Bancorp posted sales of $22.02 million in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that People’s Utah Bancorp will report full-year sales of $23.46 million for the current fiscal year, with estimates ranging from $95.20 million to $95.47 million. For the next fiscal year, analysts forecast that the firm will report sales of $117.85 million per share, with estimates ranging from $116.60 million to $119.09 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover People’s Utah Bancorp.

People’s Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. The firm had revenue of $23.33 million for the quarter, compared to the consensus estimate of $22.80 million.

A number of analysts have weighed in on PUB shares. BidaskClub upgraded People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. ValuEngine cut People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.

In other news, Director Jr. Fred W. Fairclough sold 2,000 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $31.32, for a total transaction of $62,640.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $32.19, for a total value of $54,723.00. The disclosure for this sale can be found here. Insiders have sold 186,480 shares of company stock worth $5,083,951 in the last quarter. Insiders own 25.21% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of People’s Utah Bancorp by 2.8% during the second quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after purchasing an additional 15,655 shares in the last quarter. State Street Corp grew its holdings in shares of People’s Utah Bancorp by 14.4% during the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after buying an additional 28,411 shares during the last quarter. Northern Trust Corp grew its holdings in shares of People’s Utah Bancorp by 11.7% during the second quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock worth $4,253,000 after buying an additional 16,657 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of People’s Utah Bancorp by 3.5% during the first quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock worth $3,495,000 after buying an additional 4,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of People’s Utah Bancorp by 42.9% during the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after buying an additional 38,923 shares during the last quarter. Institutional investors and hedge funds own 31.14% of the company’s stock.

People’s Utah Bancorp (NASDAQ PUB) opened at 33.05 on Wednesday. The stock has a market capitalization of $593.51 million, a P/E ratio of 23.44 and a beta of 1.04. People’s Utah Bancorp has a 52 week low of $19.17 and a 52 week high of $33.60. The company’s 50-day moving average price is $30.83 and its 200 day moving average price is $30.83.

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About People’s Utah Bancorp

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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