Wall Street analysts expect Peoples Utah Bancorp (NASDAQ:PUB) to report sales of $31.24 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Utah Bancorp’s earnings, with the highest sales estimate coming in at $31.61 million and the lowest estimate coming in at $30.90 million. Peoples Utah Bancorp posted sales of $31.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The firm is expected to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Peoples Utah Bancorp will report full-year sales of $124.54 million for the current fiscal year, with estimates ranging from $123.60 million to $125.42 million. For the next year, analysts expect that the business will post sales of $129.18 million, with estimates ranging from $128.53 million to $130.10 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Peoples Utah Bancorp.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Thursday, April 25th. The bank reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Peoples Utah Bancorp had a net margin of 31.96% and a return on equity of 14.62%. The business had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.94 million.

PUB has been the topic of several recent analyst reports. FIG Partners raised shares of Peoples Utah Bancorp from a “market-perform” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Thursday, March 28th. Sandler O’Neill raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub raised shares of Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.50.

Peoples Utah Bancorp stock traded down $0.11 during mid-day trading on Wednesday, reaching $30.01. 37,008 shares of the company’s stock traded hands, compared to its average volume of 27,172. The company has a market cap of $546.38 million, a price-to-earnings ratio of 14.02, a PEG ratio of 1.60 and a beta of 0.66. Peoples Utah Bancorp has a 12-month low of $25.18 and a 12-month high of $38.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.60%. This is a boost from Peoples Utah Bancorp’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, May 3rd. Peoples Utah Bancorp’s dividend payout ratio is presently 22.43%.

In other Peoples Utah Bancorp news, Director Paul R. Gunther sold 13,188 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $29.23, for a total transaction of $385,485.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $25.38, for a total transaction of $34,897.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,008 shares of company stock worth $1,442,313. 17.34% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC grew its holdings in Peoples Utah Bancorp by 57.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,043 shares of the bank’s stock worth $375,000 after acquiring an additional 4,032 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Peoples Utah Bancorp by 49.4% in the 4th quarter. Rhumbline Advisers now owns 19,774 shares of the bank’s stock valued at $596,000 after buying an additional 6,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Peoples Utah Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 409,325 shares of the bank’s stock valued at $12,341,000 after buying an additional 21,376 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 772,678 shares of the bank’s stock valued at $26,233,000 after buying an additional 34,600 shares in the last quarter. Finally, Vanguard Group Inc boosted its holdings in shares of Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 772,678 shares of the bank’s stock valued at $26,233,000 after buying an additional 34,600 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

Peoples Utah Bancorp Company Profile

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 and Estimates for Peoples Utah Bancorp (NASDAQ:PUB)

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