Equities research analysts predict that Peoples Utah Bancorp (NASDAQ:PUB) will post sales of $28.97 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Utah Bancorp’s earnings. The lowest sales estimate is $28.40 million and the highest is $29.30 million. Peoples Utah Bancorp posted sales of $21.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 32.2%. The firm is expected to report its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Peoples Utah Bancorp will report full year sales of $28.97 million for the current fiscal year, with estimates ranging from $119.30 million to $120.40 million. For the next year, analysts forecast that the business will report sales of $128.73 million per share, with estimates ranging from $128.00 million to $129.10 million. Zacks’ sales averages are an average based on a survey of analysts that follow Peoples Utah Bancorp.
A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Raymond James Financial assumed coverage on shares of Peoples Utah Bancorp in a report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 price target on the stock. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a report on Wednesday, December 27th. Finally, ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.00.
In other news, Director Jr. Fred W. Fairclough sold 4,810 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $31.32, for a total value of $150,649.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $30.88, for a total transaction of $61,760.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,100 shares of company stock valued at $1,080,493. Corporate insiders own 25.21% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. John W. Rosenthal Capital Management Inc. purchased a new position in Peoples Utah Bancorp during the 3rd quarter valued at about $2,596,000. State Street Corp grew its stake in shares of Peoples Utah Bancorp by 14.4% in the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after acquiring an additional 28,411 shares during the period. Sei Investments Co. grew its stake in shares of Peoples Utah Bancorp by 31.3% in the third quarter. Sei Investments Co. now owns 33,511 shares of the bank’s stock worth $1,087,000 after acquiring an additional 7,991 shares during the period. Schwab Charles Investment Management Inc. grew its position in 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 valued at $665,000 after buying an additional 7,200 shares during the period. Finally, Wasatch Advisors Inc. grew its position in Peoples Utah Bancorp by 5.2% during the third quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock valued at $8,143,000 after buying an additional 12,324 shares during the period. 35.21% of the stock is owned by institutional investors.
Shares of Peoples Utah Bancorp (NASDAQ:PUB) traded down $0.65 during trading on Wednesday, reaching $31.25. 41,600 shares of the company’s stock were exchanged, compared to its average volume of 26,161. The company has a market cap of $578.50, a price-to-earnings ratio of 28.94, a PEG ratio of 1.93 and a beta of 0.94. Peoples Utah Bancorp has a 1-year low of $24.63 and a 1-year high of $33.90.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Peoples Utah Bancorp’s dividend payout ratio is 33.33%.
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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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