Peoples Utah Bancorp (PUB) Expected to Announce Quarterly Sales of $30.72 Million

Brokerages expect that Peoples Utah Bancorp (NASDAQ:PUB) will announce sales of $30.72 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Peoples Utah Bancorp’s earnings. The lowest sales estimate is $30.55 million and the highest is $31.00 million. Peoples Utah Bancorp reported sales of $23.33 million in the same quarter last year, which indicates a positive year over year growth rate of 31.7%. The business is expected to announce its next earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that Peoples Utah Bancorp will report full-year sales of $123.18 million for the current financial year, with estimates ranging from $122.40 million to $124.60 million. For the next financial year, analysts expect that the firm will report sales of $130.27 million per share, with estimates ranging from $130.00 million to $130.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Peoples Utah Bancorp.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Wednesday, April 25th. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $28.97 million. Peoples Utah Bancorp had a return on equity of 12.18% and a net margin of 20.37%.



A number of research analysts have recently commented on the company. BidaskClub upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Zacks Investment Research cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, ValuEngine upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd.

Peoples Utah Bancorp traded up $0.25, hitting $36.95, on Thursday, according to MarketBeat Ratings. The company’s stock had a trading volume of 53,043 shares, compared to its average volume of 35,957. Peoples Utah Bancorp has a 52-week low of $24.63 and a 52-week high of $38.10. The stock has a market cap of $690.23 million, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93.

In other news, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $31.84, for a total transaction of $54,128.00. Following the completion of the sale, the director now owns 59,576 shares in the company, valued at approximately $1,896,899.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $31.75, for a total value of $63,500.00. The disclosure for this sale can be found here. Insiders have sold 23,900 shares of company stock worth $795,139 over the last three months. 18.33% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of PUB. D.A. Davidson & CO. purchased a new stake in shares of Peoples Utah Bancorp during the 1st quarter worth $206,000. MetLife Investment Advisors LLC acquired a new position in shares of Peoples Utah Bancorp in the 4th quarter worth approximately $212,000. Prudential Financial Inc. acquired a new position in shares of Peoples Utah Bancorp in the 1st quarter worth approximately $241,000. Crewe Advisors LLC acquired a new stake in shares of Peoples Utah Bancorp during the fourth quarter worth approximately $303,000. Finally, Cardinal Capital Management LLC CT boosted its holdings in shares of Peoples Utah Bancorp by 25.6% during the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock worth $327,000 after purchasing an additional 2,200 shares during the period. Hedge funds and other institutional investors own 36.50% 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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