Analysts Anticipate Peoples Utah Bancorp (PUB) to Post $0.52 EPS

Peoples Utah Bancorp (NASDAQ:PUB) has been given an average broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

Analysts have set a 1-year consensus target price of $34.00 for the company and are predicting that the company will post $0.52 EPS for the current quarter, according to Zacks. Zacks has also given Peoples Utah Bancorp an industry rank of 156 out of 255 based on the ratings given to its competitors.

Several research analysts recently commented on PUB shares. BidaskClub upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, ValuEngine upgraded shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $36.85, for a total transaction of $62,645.00. Following the completion of the sale, the director now directly owns 49,376 shares of the company’s stock, valued at $1,819,505.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $36.82, for a total transaction of $73,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,900 shares of company stock worth $795,139. Company insiders own 18.33% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its stake in Peoples Utah Bancorp by 21.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 30,181 shares of the bank’s stock valued at $915,000 after acquiring an additional 5,381 shares during the last quarter. Cardinal Capital Management LLC CT raised its position in shares of Peoples Utah Bancorp by 25.6% in the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock valued at $327,000 after purchasing an additional 2,200 shares during the period. Crewe Advisors LLC bought a new position in shares of Peoples Utah Bancorp in the fourth quarter valued at about $303,000. Davis Capital Partners LLC raised its position in shares of Peoples Utah Bancorp by 31.0% in the fourth quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock valued at $16,327,000 after purchasing an additional 127,539 shares during the period. Finally, Forest Hill Capital LLC raised its position in shares of Peoples Utah Bancorp by 0.6% in the fourth quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock valued at $12,623,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 36.50% of the company’s stock.

Shares of PUB stock traded down $0.05 on Monday, hitting $36.75. The company’s stock had a trading volume of 529 shares, compared to its average volume of 28,727. The firm has a market cap of $693.01 million, a PE ratio of 24.05, a PEG ratio of 2.26 and a beta of 0.93. Peoples Utah Bancorp has a fifty-two week low of $24.63 and a fifty-two week high of $38.10.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Wednesday, April 25th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $30.27 million for the quarter, compared to the consensus estimate of $28.97 million. Peoples Utah Bancorp had a net margin of 20.37% and a return on equity of 12.18%. sell-side analysts anticipate that Peoples Utah Bancorp will post 2.05 earnings per share for the current fiscal year.

Peoples Utah Bancorp Company Profile

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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