Peoples Utah Bancorp (NASDAQ:PUB) Expected to Announce Earnings of $0.57 Per Share
Brokerages expect Peoples Utah Bancorp (NASDAQ:PUB) to post earnings per share of $0.57 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Peoples Utah Bancorp’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.57. Peoples Utah Bancorp posted earnings per share of $0.56 during the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The company is expected to announce its next earnings results on Monday, January 27th.
According to Zacks, analysts expect that Peoples Utah Bancorp will report full-year earnings of $2.29 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.30. For the next year, analysts anticipate that the firm will post earnings of $2.20 per share, with EPS estimates ranging from $2.16 to $2.25. Zacks’ EPS calculations 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 quarterly earnings data on Wednesday, October 23rd. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $31.45 million. Peoples Utah Bancorp had a return on equity of 14.37% and a net margin of 32.15%.
In other news, Director Wolfgang T. N. Muelleck sold 2,995 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $28.03, for a total transaction of $83,949.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Brent Anderson sold 5,500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.51, for a total transaction of $151,305.00. Following the transaction, the director now owns 32,413 shares in the company, valued at $891,681.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,384 shares of company stock worth $1,682,613. Insiders own 17.34% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its holdings in shares of Peoples Utah Bancorp by 2.1% during the second quarter. Swiss National Bank now owns 29,600 shares of the bank’s stock worth $870,000 after purchasing an additional 600 shares during the last quarter. D.A. Davidson & CO. raised its position in Peoples Utah Bancorp by 5.2% in the 3rd quarter. D.A. Davidson & CO. now owns 12,150 shares of the bank’s stock valued at $344,000 after buying an additional 600 shares during the last quarter. Northern Trust Corp raised its position in Peoples Utah Bancorp by 0.4% in the 2nd quarter. Northern Trust Corp now owns 202,682 shares of the bank’s stock valued at $5,960,000 after buying an additional 773 shares during the last quarter. Dupont Capital Management Corp raised its position in Peoples Utah Bancorp by 7.4% in the 3rd quarter. Dupont Capital Management Corp now owns 18,081 shares of the bank’s stock valued at $512,000 after buying an additional 1,245 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Peoples Utah Bancorp by 8.2% in the 3rd quarter. Rhumbline Advisers now owns 24,596 shares of the bank’s stock valued at $696,000 after buying an additional 1,858 shares during the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.
Shares of PUB stock traded down $0.11 during trading on Tuesday, hitting $29.77. The company’s stock had a trading volume of 18,600 shares, compared to its average volume of 29,915. The company has a market cap of $563.88 million, a PE ratio of 13.91 and a beta of 0.69. The business has a fifty day moving average of $28.81 and a 200-day moving average of $28.69. Peoples Utah Bancorp has a 52 week low of $25.18 and a 52 week high of $33.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. Peoples Utah Bancorp’s dividend payout ratio is presently 24.30%.
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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