Wall Street analysts expect Peoples Utah Bancorp (NASDAQ:PUB) to report $32.15 million in sales for the current quarter, according to Zacks. Two analysts have issued 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 in 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 report on Monday, January 27th.
According to Zacks, analysts expect that Peoples Utah Bancorp will report full year sales of $126.35 million for the current fiscal year, with estimates ranging from $126.30 million to $126.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $127.00 million, with estimates ranging from $125.40 million to $128.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Peoples Utah Bancorp.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly 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 company had revenue of $32.66 million for the quarter, compared to analyst estimates of $31.45 million. Peoples Utah Bancorp had a return on equity of 14.37% and a net margin of 32.15%.
PUB stock traded down $0.11 during mid-day trading on Thursday, reaching $29.77. The company had a trading volume of 18,600 shares, compared to its average volume of 29,915. Peoples Utah Bancorp has a one year low of $25.18 and a one year high of $33.94. The stock’s 50-day simple moving average is $28.81 and its two-hundred day simple moving average is $28.69. The stock has a market capitalization of $563.88 million, a P/E ratio of 13.91 and a beta of 0.69.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a $0.13 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. Peoples Utah Bancorp’s dividend payout ratio is currently 24.30%.
In other news, Director Jr. Fred W. Fairclough sold 3,750 shares of Peoples Utah Bancorp stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $29.55, for a total value of $110,812.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wolfgang T. N. Muelleck sold 2,995 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $28.03, for a total transaction of $83,949.85. The disclosure for this sale can be found here. Insiders have sold 60,384 shares of company stock valued at $1,682,613 in the last three months. 17.34% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Peoples Utah Bancorp by 13.7% in the 2nd quarter. BlackRock Inc. now owns 944,017 shares of the bank’s stock valued at $27,755,000 after purchasing an additional 113,410 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Peoples Utah Bancorp in the 2nd quarter valued at about $570,000. Jacobs Levy Equity Management Inc. acquired a new stake in Peoples Utah Bancorp in the 2nd quarter valued at about $496,000. Dupont Capital Management Corp acquired a new stake in Peoples Utah Bancorp in the 2nd quarter valued at about $495,000. Finally, Renaissance Technologies LLC grew its stake 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 acquiring an additional 15,600 shares during the last quarter. Hedge funds and other institutional investors 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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