Equities research analysts forecast that People’s Utah Bancorp (NASDAQ:PUB) will report $27.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for People’s Utah Bancorp’s earnings, with estimates ranging from $27.40 million to $27.66 million. People’s Utah Bancorp reported sales of $22.67 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.4%. The business is expected to announce its next earnings results on Wednesday, January 24th.
On average, analysts expect that People’s Utah Bancorp will report full-year sales of $27.53 million for the current fiscal year, with estimates ranging from $96.40 million to $96.70 million. For the next year, analysts anticipate that the business will report sales of $120.15 million per share, with estimates ranging from $118.30 million to $122.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover People’s Utah Bancorp.
A number of equities analysts have issued reports on PUB shares. BidaskClub downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, ValuEngine downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.
People’s Utah Bancorp (NASDAQ:PUB) opened at $30.00 on Monday. The stock has a market cap of $540.77, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.61 and a beta of 1.00. People’s Utah Bancorp has a fifty-two week low of $22.00 and a fifty-two week high of $33.60.
The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, November 3rd. People’s Utah Bancorp’s dividend payout ratio (DPR) is currently 25.53%.
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In related news, Director Jr. Fred W. Fairclough sold 45,115 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $27.02, for a total value of $1,219,007.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $26.87, for a total transaction of $45,679.00. Following the completion of the transaction, the director now directly owns 42,960 shares in the company, valued at $1,154,335.20. The disclosure for this sale can be found here. Insiders sold a total of 170,519 shares of company stock worth $4,762,167 over the last three months. 25.21% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. SG Americas Securities LLC purchased a new stake in People’s Utah Bancorp during the second quarter valued at about $163,000. Macquarie Group Ltd. purchased a new stake in People’s Utah Bancorp during the third quarter valued at about $182,000. American International Group Inc. lifted its holdings in People’s Utah Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after purchasing an additional 533 shares during the last quarter. California Public Employees Retirement System purchased a new stake in People’s Utah Bancorp during the first quarter valued at about $243,000. Finally, Alliancebernstein L.P. purchased a new stake in People’s Utah Bancorp during the second quarter valued at about $247,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.
About People’s 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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