Peoples Utah Bancorp (NASDAQ:PUB) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Peoples Utah Bancorp (NASDAQ:PUB) posted its quarterly earnings results on Wednesday. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01), Fidelity Earnings reports. Peoples Utah Bancorp had a return on equity of 14.38% and a net margin of 32.16%. The company had revenue of $32.66 million for the quarter, compared to analysts’ expectations of $31.45 million.

Shares of NASDAQ:PUB traded down $0.61 during midday trading on Thursday, reaching $28.78. 22,700 shares of the company’s stock were exchanged, compared to its average volume of 30,332. The firm’s 50 day simple moving average is $28.30 and its two-hundred day simple moving average is $28.57. The stock has a market cap of $497.87 million, a price-to-earnings ratio of 13.45 and a beta of 0.69. Peoples Utah Bancorp has a fifty-two week low of $25.18 and a fifty-two week high of $33.95.

In related news, Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $29.92, for a total transaction of $41,140.00. Following the completion of the sale, the director now directly owns 3,813 shares of the company’s stock, valued at approximately $114,084.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wolfgang T. N. Muelleck sold 2,995 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $28.03, for a total value of $83,949.85. The disclosure for this sale can be found here. Insiders have sold a total of 38,334 shares of company stock valued at $1,061,069 over the last three months. Corporate insiders own 17.34% of the company’s stock.

Several research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating on shares of Peoples Utah Bancorp in a report on Tuesday, July 30th. BidaskClub raised Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Peoples Utah Bancorp currently has a consensus rating of “Hold” and an average price target of $31.50.

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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Earnings History for Peoples Utah Bancorp (NASDAQ:PUB)

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