Wall Street analysts expect Peoples Utah Bancorp (NASDAQ:PUB) to post $0.54 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peoples Utah Bancorp’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.53. Peoples Utah Bancorp reported earnings of $0.37 per share during the same quarter last year, which would suggest a positive year over year growth rate of 45.9%. The business is scheduled to issue its next earnings results on Wednesday, October 24th.

On average, analysts expect that Peoples Utah Bancorp will report full year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.14. For the next financial year, analysts forecast that the firm will report earnings of $2.24 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Peoples Utah Bancorp.

Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Thursday, July 26th. The bank reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $31.04 million during the quarter, compared to analysts’ expectations of $30.79 million. Peoples Utah Bancorp had a return on equity of 13.24% and a net margin of 22.22%.

PUB has been the subject of several research analyst reports. BidaskClub upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 22nd. ValuEngine upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Zacks Investment Research cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Raymond James cut Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 2nd.

Shares of Peoples Utah Bancorp stock traded up $0.50 on Friday, hitting $35.45. 14,800 shares of the company’s stock traded hands, compared to its average volume of 30,526. The stock has a market cap of $659.38 million, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.87. Peoples Utah Bancorp has a 52-week low of $27.65 and a 52-week high of $38.70.

In related news, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $37.60, for a total transaction of $75,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $36.71, for a total value of $62,407.00. Following the sale, the director now directly owns 47,676 shares in the company, valued at $1,750,185.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,800 shares of company stock valued at $533,116. Company insiders own 18.33% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. acquired a new stake in shares of Peoples Utah Bancorp during the 1st quarter valued at approximately $206,000. GSA Capital Partners LLP acquired a new stake in shares of Peoples Utah Bancorp during the 2nd quarter valued at approximately $244,000. Citadel Advisors LLC acquired a new stake in shares of Peoples Utah Bancorp during the 2nd quarter valued at approximately $254,000. Prudential Financial Inc. acquired a new stake in shares of Peoples Utah Bancorp during the 1st quarter valued at approximately $241,000. Finally, Millennium Management LLC acquired a new stake in shares of Peoples Utah Bancorp during the 1st quarter valued at approximately $414,000. 38.71% of the stock is currently owned by institutional investors and hedge funds.

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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