$30.94 Million in Sales Expected for Peoples Utah Bancorp (PUB) This Quarter

Brokerages predict that Peoples Utah Bancorp (NASDAQ:PUB) will announce $30.94 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Utah Bancorp’s earnings, with the lowest sales estimate coming in at $30.71 million and the highest estimate coming in at $31.10 million. Peoples Utah Bancorp reported sales of $30.27 million during the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The firm is expected to report its next earnings report on Wednesday, April 24th.

On average, analysts expect that Peoples Utah Bancorp will report full-year sales of $126.28 million for the current fiscal year, with estimates ranging from $124.85 million to $128.40 million. For the next year, analysts expect that the business will report sales of $132.64 million, with estimates ranging from $130.40 million to $135.90 million. Zacks Investment Research’s sales 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 data on Monday, January 28th. The bank reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $31.63 million for the quarter, compared to the consensus estimate of $31.07 million. Peoples Utah Bancorp had a net margin of 31.00% and a return on equity of 14.65%.

PUB has been the topic of several recent research reports. Sandler O’Neill raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday. FIG Partners raised shares of Peoples Utah Bancorp from a “market-perform” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday. BidaskClub raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. ValuEngine lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Finally, Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.50.

In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $30.20, for a total transaction of $41,525.00. Following the transaction, the director now owns 31,786 shares in the company, valued at approximately $959,937.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul R. Gunther sold 3,724 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $30.11, for a total value of $112,129.64. The disclosure for this sale can be found here. Insiders have sold a total of 53,732 shares of company stock valued at $1,566,749 in the last ninety days. Insiders own 18.33% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PUB. First Trust Advisors LP increased its position in shares of Peoples Utah Bancorp by 97.2% in the third quarter. First Trust Advisors LP now owns 52,063 shares of the bank’s stock worth $1,768,000 after purchasing an additional 25,660 shares during the period. BlackRock Inc. increased its position in shares of Peoples Utah Bancorp by 2.9% in the third quarter. BlackRock Inc. now owns 861,362 shares of the bank’s stock worth $29,244,000 after purchasing an additional 24,642 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Peoples Utah Bancorp by 12.9% in the third quarter. Dimensional Fund Advisors LP now owns 387,949 shares of the bank’s stock worth $13,171,000 after purchasing an additional 44,457 shares during the period. Allianz Asset Management GmbH increased its position in shares of Peoples Utah Bancorp by 9.4% in the third quarter. Allianz Asset Management GmbH now owns 34,040 shares of the bank’s stock worth $1,156,000 after purchasing an additional 2,920 shares during the period. Finally, Matarin Capital Management LLC bought a new position in shares of Peoples Utah Bancorp in the third quarter worth $1,005,000. Hedge funds and other institutional investors own 37.43% of the company’s stock.

Peoples Utah Bancorp stock traded down $0.02 during trading hours on Friday, hitting $26.37. 46,596 shares of the company traded hands, compared to its average volume of 24,429. The stock has a market cap of $479.27 million, a price-to-earnings ratio of 12.39, a PEG ratio of 1.41 and a beta of 0.66. Peoples Utah Bancorp has a 1-year low of $25.18 and a 1-year high of $38.70.

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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