Analysts forecast that Peoples Utah Bancorp (NASDAQ:PUB) will report $32.15 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Peoples Utah Bancorp’s earnings. The highest sales estimate is $32.20 million and the lowest is $32.10 million. Peoples Utah Bancorp reported sales of $31.63 million during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The business is scheduled to issue its next quarterly earnings results on Monday, January 27th.
On average, analysts expect that Peoples Utah Bancorp will report full year sales of $126.35 million for the current year, with estimates ranging from $126.30 million to $126.40 million. For the next year, analysts expect that the business will post sales of $127.00 million, with estimates ranging from $125.40 million to $128.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Peoples Utah Bancorp.
Peoples Utah Bancorp (NASDAQ:PUB) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $32.66 million during the quarter, compared to the consensus estimate of $31.45 million. Peoples Utah Bancorp had a return on equity of 14.37% and a net margin of 32.15%.
PUB has been the subject of several research reports. DA Davidson reiterated a “neutral” rating on shares of Peoples Utah Bancorp in a research report on Tuesday, July 30th. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.50.
PUB stock traded down $0.11 during midday trading on Thursday, hitting $29.77. 18,600 shares of the stock traded hands, compared to its average volume of 29,915. The firm has a market cap of $563.88 million, a P/E ratio of 13.91 and a beta of 0.69. Peoples Utah Bancorp has a 1-year low of $25.18 and a 1-year high of $33.94. The stock’s fifty day simple moving average is $28.81 and its 200-day simple moving average is $28.69.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, November 1st. This represents a $0.52 annualized dividend and a dividend yield of 1.75%. Peoples Utah Bancorp’s dividend payout ratio is 24.30%.
In other Peoples Utah Bancorp news, Director David Glen Anderson sold 16,389 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $27.02, for a total value of $442,830.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $27.92, for a total value of $38,390.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,384 shares of company stock valued at $1,682,613. 17.34% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in shares of Peoples Utah Bancorp by 25.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,850 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 9,305 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Peoples Utah Bancorp by 141.7% in the 2nd quarter. Crewe Advisors LLC now owns 4,834 shares of the bank’s stock valued at $142,000 after purchasing an additional 2,834 shares during the period. River & Mercantile Asset Management LLP bought a new stake in Peoples Utah Bancorp in the 2nd quarter valued at about $69,000. Renaissance Technologies LLC increased its position in Peoples Utah Bancorp by 10.7% in the 2nd quarter. Renaissance Technologies LLC now owns 160,900 shares of the bank’s stock valued at $4,730,000 after buying an additional 15,600 shares in the last quarter. Finally, AE Wealth Management LLC bought a new stake in Peoples Utah Bancorp in the 2nd quarter valued at about $570,000. Institutional investors and hedge funds own 36.96% 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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