Brokerages Anticipate Peoples Utah Bancorp (PUB) to Post $0.48 Earnings Per Share

Equities analysts predict that Peoples Utah Bancorp (NASDAQ:PUB) will announce earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Utah Bancorp’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.49. Peoples Utah Bancorp posted earnings of $0.36 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Peoples Utah Bancorp will report full year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.08. For the next year, analysts anticipate that the business will post earnings of $2.21 per share, with EPS estimates ranging from $2.15 to $2.32. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Peoples Utah Bancorp.

A number of equities analysts recently commented on PUB shares. Zacks Investment Research upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a report on Wednesday, December 27th. ValuEngine downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Raymond James Financial started coverage on Peoples Utah Bancorp in a report on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Peoples Utah Bancorp has an average rating of “Hold” and a consensus price target of $35.00.

In other news, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $30.39, for a total value of $51,663.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jr. Fred W. Fairclough sold 10,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $30.07, for a total value of $300,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,800 shares of company stock worth $2,132,794. Corporate insiders own 25.21% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PUB. Schwab Charles Investment Management Inc. boosted its position in shares of Peoples Utah Bancorp by 40.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock valued at $665,000 after acquiring an additional 7,200 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Peoples Utah Bancorp by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 64,126 shares of the bank’s stock valued at $1,719,000 after acquiring an additional 7,817 shares during the period. Swiss National Bank bought a new stake in shares of Peoples Utah Bancorp in the second quarter valued at approximately $641,000. Alliancebernstein L.P. bought a new stake in shares of Peoples Utah Bancorp in the second quarter valued at approximately $247,000. Finally, Teachers Advisors LLC boosted its position in shares of Peoples Utah Bancorp by 4.5% in the second quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock valued at $608,000 after acquiring an additional 987 shares during the period. 33.95% of the stock is owned by institutional investors.

Peoples Utah Bancorp (NASDAQ PUB) traded up $0.30 during trading hours on Monday, reaching $30.40. The company had a trading volume of 43,100 shares, compared to its average volume of 25,594. Peoples Utah Bancorp has a 12-month low of $24.63 and a 12-month high of $33.90. The firm has a market capitalization of $562.76, a P/E ratio of 28.15, a P/E/G ratio of 1.88 and a beta of 0.94.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.36 annualized dividend and a yield of 1.18%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

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About Peoples 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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