$27.53 Million in Sales Expected for Peoples Utah Bancorp (PUB) This Quarter
Analysts predict that Peoples Utah Bancorp (NASDAQ:PUB) will report sales of $27.53 million for the current quarter, according to Zacks. Two analysts have made estimates for Peoples Utah Bancorp’s earnings, with the highest sales estimate coming in at $27.66 million and the lowest estimate coming in at $27.40 million. Peoples Utah Bancorp reported sales of $22.67 million in the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The company is scheduled to issue its next earnings report on Wednesday, January 24th.
On average, analysts expect that Peoples Utah Bancorp will report full year sales of $27.53 million for the current fiscal year, with estimates ranging from $96.40 million to $96.70 million. For the next financial year, analysts anticipate that the company will post sales of $120.15 million per share, with estimates ranging from $118.30 million to $122.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Peoples Utah Bancorp.
A number of equities analysts have recently commented on PUB shares. BidaskClub raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, November 3rd. Peoples Utah Bancorp’s payout ratio is 25.53%.
In related news, Director Jr. Fred W. Fairclough sold 10,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $27.67, for a total transaction of $276,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $30.41, for a total transaction of $60,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 125,215 shares of company stock valued at $3,650,986 over the last ninety days. 25.21% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Davis Capital Partners LLC increased its position in Peoples Utah Bancorp by 68.7% in the 3rd quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock valued at $13,346,000 after acquiring an additional 167,536 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Peoples Utah Bancorp by 29.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock valued at $5,455,000 after acquiring an additional 38,397 shares in the last quarter. Wells Fargo & Company MN increased its position in Peoples Utah Bancorp by 15.9% in the 3rd quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock valued at $408,000 after acquiring an additional 2,047 shares in the last quarter. Wasatch Advisors Inc. increased its position in Peoples Utah Bancorp by 5.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock valued at $8,143,000 after acquiring an additional 12,324 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in Peoples Utah Bancorp in the 3rd quarter valued at about $182,000. Institutional investors and hedge funds own 31.82% of the company’s stock.
Peoples 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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