Equities research analysts predict that People’s Utah Bancorp (NASDAQ:PUB) will post $23.46 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for People’s Utah Bancorp’s earnings, with the lowest sales estimate coming in at $23.42 million and the highest estimate coming in at $23.50 million. People’s Utah Bancorp posted sales of $22.02 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 25th.

On average, analysts expect that People’s Utah Bancorp will report full year sales of $23.46 million for the current year, with estimates ranging from $95.20 million to $95.47 million. For the next financial year, analysts anticipate that the company will report sales of $117.85 million per share, with estimates ranging from $116.60 million to $119.09 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow People’s Utah Bancorp.

People’s Utah Bancorp (NASDAQ:PUB) last released its earnings results on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $23.33 million during the quarter, compared to the consensus estimate of $22.80 million. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%.

A number of research analysts have recently commented on the company. ValuEngine cut People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th.

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In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,154,335.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard T. Beard sold 25,951 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $27.50, for a total value of $713,652.50. Following the transaction, the chief executive officer now directly owns 137,729 shares of the company’s stock, valued at $3,787,547.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 188,480 shares of company stock valued at $5,149,731. 25.21% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in PUB. Nationwide Fund Advisors raised its position in People’s Utah Bancorp by 2.8% during the 1st quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after purchasing an additional 232 shares during the last quarter. Russell Investments Group Ltd. raised its position in People’s Utah Bancorp by 15.2% during the 1st quarter. Russell Investments Group Ltd. now owns 83,880 shares of the bank’s stock worth $2,219,000 after purchasing an additional 11,076 shares during the last quarter. First Trust Advisors LP raised its position in People’s Utah Bancorp by 9.4% during the 1st quarter. First Trust Advisors LP now owns 32,843 shares of the bank’s stock worth $869,000 after purchasing an additional 2,823 shares during the last quarter. Bank of New York Mellon Corp raised its position in People’s Utah Bancorp by 13.9% during the 1st quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock worth $1,489,000 after purchasing an additional 6,884 shares during the last quarter. Finally, American International Group Inc. raised its position in People’s Utah Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after purchasing an additional 533 shares during the last quarter. 31.14% of the stock is owned by institutional investors and hedge funds.

People’s Utah Bancorp (NASDAQ:PUB) traded up 1.08% during midday trading on Wednesday, hitting $32.70. The stock had a trading volume of 13,468 shares. The company has a market capitalization of $587.23 million, a PE ratio of 23.19 and a beta of 1.05. The company’s 50-day moving average price is $31.04 and its 200 day moving average price is $31.04. People’s Utah Bancorp has a 52 week low of $19.17 and a 52 week high of $33.60.

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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