Zacks: Brokerages Anticipate Peoples Utah Bancorp (PUB) Will Post Earnings of $0.39 Per Share
Brokerages expect Peoples Utah Bancorp (NASDAQ:PUB) to announce earnings of $0.39 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Peoples Utah Bancorp’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.39. Peoples Utah Bancorp reported earnings of $0.36 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Peoples Utah Bancorp will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.43 to $1.44. For the next fiscal year, analysts expect that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.75 to $1.92. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Peoples Utah Bancorp.
Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Peoples Utah Bancorp had a return on equity of 11.15% and a net margin of 27.33%.
In related news, CFO Wolfgang T. N. Muelleck sold 6,231 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $30.07, for a total value of $187,366.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $30.60, for a total value of $574,331.40. The disclosure for this sale can be found here. Insiders sold 71,800 shares of company stock valued at $2,199,734 over the last quarter. 25.21% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. John W. Rosenthal Capital Management Inc. purchased a new position in Peoples Utah Bancorp in the third quarter worth approximately $2,596,000. State Street Corp boosted its position in shares of Peoples Utah Bancorp by 14.4% during the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after buying an additional 28,411 shares during the period. Sei Investments Co. boosted its position in shares of Peoples Utah Bancorp by 31.3% during the third quarter. Sei Investments Co. now owns 33,511 shares of the bank’s stock worth $1,087,000 after buying an additional 7,991 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Peoples Utah Bancorp by 40.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock worth $665,000 after buying an additional 7,200 shares during the period. Finally, Swiss National Bank purchased a new position in shares of Peoples Utah Bancorp during the second quarter worth $641,000. Institutional investors own 31.82% of the company’s stock.
Peoples Utah Bancorp (PUB) traded down $0.05 during mid-day trading on Tuesday, hitting $31.80. The stock had a trading volume of 20,264 shares, compared to its average volume of 23,218. The stock has a market capitalization of $573.12 and a price-to-earnings ratio of 22.55. Peoples Utah Bancorp has a 1-year low of $23.95 and a 1-year high of $33.60.
About Peoples Utah Bancorp
People’s Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, two residential mortgage offices and other support facilities operated through its banking subsidiary, People’s Intermountain Bank (PIB or the Bank). The Company provides full-service retail banking in the state of Utah, including a range of banking and related services to locally owned businesses, professional firms, real-estate developers, residential home builders, high net-worth individuals, investors and other customers.
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