Analysts Anticipate Peoples Utah Bancorp (PUB) to Announce $0.54 Earnings Per Share

Peoples Utah Bancorp (NASDAQ:PUB) has been given a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating.

Brokers have set a 12-month consensus price objective of $36.50 for the company and are anticipating that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 57 out of 255 based on the ratings given to related companies.

A number of equities analysts have commented on PUB shares. BidaskClub cut shares of Peoples Utah Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 3rd. Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, August 1st. ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Raymond James lowered shares of Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, August 2nd.



Shares of NASDAQ:PUB traded down $0.71 on Friday, reaching $32.44. The company’s stock had a trading volume of 8,687 shares, compared to its average volume of 29,277. Peoples Utah Bancorp has a 52-week low of $29.05 and a 52-week high of $38.70. The stock has a market capitalization of $591.10 million, a P/E ratio of 21.20, a PEG ratio of 1.88 and a beta of 0.89.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Wednesday, October 24th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Peoples Utah Bancorp had a net margin of 22.22% and a return on equity of 13.24%. The business had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $30.60 million. On average, equities research analysts forecast that Peoples Utah Bancorp will post 2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Tuesday, November 6th will be issued a $0.11 dividend. The ex-dividend date is Monday, November 5th. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 28.76%.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of Peoples Utah Bancorp stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $31.71, for a total transaction of $43,601.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of Peoples Utah Bancorp stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $35.50, for a total transaction of $60,350.00. Following the sale, the director now owns 44,161 shares of the company’s stock, valued at approximately $1,567,715.50. The disclosure for this sale can be found here. Insiders sold a total of 11,950 shares of company stock valued at $407,364 in the last 90 days. Company insiders own 18.33% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in shares of Peoples Utah Bancorp by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 22,560 shares of the bank’s stock worth $728,000 after buying an additional 1,842 shares during the period. Northern Trust Corp lifted its position in shares of Peoples Utah Bancorp by 3.5% during the 1st quarter. Northern Trust Corp now owns 160,723 shares of the bank’s stock worth $5,191,000 after buying an additional 5,494 shares during the period. BlackRock Inc. lifted its position in shares of Peoples Utah Bancorp by 1.4% during the 1st quarter. BlackRock Inc. now owns 701,264 shares of the bank’s stock worth $22,651,000 after buying an additional 9,606 shares during the period. New York State Common Retirement Fund lifted its position in shares of Peoples Utah Bancorp by 13.0% during the 1st quarter. New York State Common Retirement Fund now owns 22,432 shares of the bank’s stock worth $725,000 after buying an additional 2,583 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Peoples Utah Bancorp by 29.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,282 shares of the bank’s stock worth $8,827,000 after buying an additional 61,760 shares during the period. Institutional investors own 38.71% of the company’s stock.

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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