NasdaqCM:PUB

Stock Analysis Report

People's Utah Bancorp

Executive Summary

People's Utah Bancorp operates as the bank holding company for People’s Intermountain Bank that provides retail and commercial banking products and services.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has People's Utah Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

PUB

4.8%

US Banks

2.3%

US Market


1 Year Return

-11.2%

PUB

0.04%

US Banks

5.6%

US Market

Return vs Industry: PUB underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: PUB underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

PUBIndustryMarket
7 Day1.2%4.8%2.3%
30 Day-0.8%-0.5%-1.0%
90 Day-0.8%2.0%-0.7%
1 Year-9.8%-11.2%2.9%0.04%7.9%5.6%
3 Year47.2%41.3%51.5%41.1%45.6%36.3%
5 Yearn/a70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is People's Utah Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is People's Utah Bancorp undervalued compared to its fair value and its price relative to the market?

28.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PUB ($28.45) is trading below our estimate of fair value ($39.96)

Significantly Undervalued: PUB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PUB is good value based on its PE Ratio (12.5x) compared to the Banks industry average (12.6x).

PE vs Market: PUB is good value based on its PE Ratio (12.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: PUB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PUB is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is People's Utah Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-0.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PUB's earnings are forecast to decline over the next 3 years (-0.9% per year).

Earnings vs Market: PUB's earnings are forecast to decline over the next 3 years (-0.9% per year).

High Growth Earnings: PUB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PUB's revenue (0.1% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: PUB's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: PUB's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has People's Utah Bancorp performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PUB's earnings have grown significantly by 20.9% per year over the past 5 years.

Accelerating Growth: PUB's earnings growth over the past year (62.2%) exceeds its 5-year average (20.9% per year).

Earnings vs Industry: PUB earnings growth over the past year (62.2%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: PUB's Return on Equity (13.6%) is considered low.


Return on Assets

ROA vs Industry: PUB has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate PUB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is People's Utah Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PUB has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PUB's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: PUB's level of assets compared to its equity is low.

Allowance for Bad Loans: PUB has a sufficient allowance for bad loans.

Low Risk Liabilities: PUB's liabilities are made up of primarily low risk sources of funding.

Loan Level: PUB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PUB's loans are broadly funded by customer deposits.

Level of Bad Loans: PUB has an appropriate level of bad loans (0.3%)


Next Steps

Dividend

What is People's Utah Bancorp's current dividend yield, its reliability and sustainability?

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years1.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PUB's dividend (1.83%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: PUB's dividend (1.83%) is low compared to the top 25% of dividend payers in the US market (3.76%).

Stable Dividend: Whilst dividend payments have been stable, PUB has been paying a dividend for less than 10 years.

Growing Dividend: PUB's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.7%), PUB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PUB's dividends in 3 years are forecast to be well covered by earnings (23.2% payout ratio).


Next Steps

Management

What is the CEO of People's Utah Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Len Williams (60yo)

1.8yrs

Tenure

US$865,053

Compensation

Mr. Len E. Williams has been President and Chief Executive Officer of People's Utah Bancorp since January 02. 2018. He served as an Executive Vice President of People's Utah Bancorp since September 1, 2017 ...


CEO Compensation Analysis

Compensation vs. Market: Len has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Len's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.8yrs

Average Tenure

62yo

Average Age

Experienced Management: PUB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

6.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: PUB's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

Insider Buying: PUB insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$404,41511 Sep 19
Wolfgang T. Muelleck
EntityIndividual
Shares14,432
Max PriceUS$28.03
SellUS$265,16621 Aug 19
David Anderson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares9,800
Max PriceUS$27.06
SellUS$546,02221 Aug 19
David Anderson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,200
Max PriceUS$27.06
SellUS$151,31420 Aug 19
Robert Anderson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,500
Max PriceUS$27.51
SellUS$26,13320 Aug 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares946
Max PriceUS$27.63
SellUS$149,97501 Aug 19
Deborah Bayle
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,047
Max PriceUS$29.72
SellUS$258,36431 Jul 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8,600
Max PriceUS$30.07
SellUS$40,02429 May 19
Fred Fairclough
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,375
Max PriceUS$29.11
SellUS$205,03326 Feb 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,000
Max PriceUS$30.00
SellUS$563,13220 Feb 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares19,320
Max PriceUS$29.22
SellUS$385,53019 Feb 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares13,188
Max PriceUS$29.23
SellUS$41,22414 Feb 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,421
Max PriceUS$29.01
SellUS$112,12104 Feb 19
Paul Gunther
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,724
Max PriceUS$30.11

Ownership Breakdown


Management Team

  • Mark Olson (55yo)

    Executive VP & CFO

    • Tenure: 1.8yrs
    • Compensation: US$462.46k
  • Len Williams (60yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$865.05k
  • Dave Anderson (64yo)

    Director

    • Tenure: 21.8yrs
    • Compensation: US$16.80k
  • Rick Anderson (65yo)

    President & COO of PIB

    • Tenure: 3.8yrs
    • Compensation: US$404.67k
  • Adelaide Maudsley

    Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Len Williams (60yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$865.05k
  • Robert Anderson (72yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: US$78.99k
  • Rick Beard (66yo)

    Chairman

    • Tenure: 1.8yrs
    • Compensation: US$93.30k
  • Dave Anderson (64yo)

    Director

    • Tenure: 21.8yrs
    • Compensation: US$16.80k
  • Paul Gunther (78yo)

    Director

    • Tenure: 21.8yrs
    • Compensation: US$81.72k
  • Matt Browning (46yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$76.14k
  • Fred Fairclough (69yo)

    Director

    • Tenure: 19.8yrs
    • Compensation: US$54.27k
  • Doug Swenson (69yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$67.48k
  • Deborah Bayle (67yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$83.05k
  • Jon Gunther (43yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$57.71k

Company Information

People's Utah Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: People's Utah Bancorp
  • Ticker: PUB
  • Exchange: NasdaqCM
  • Founded: 1905
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$535.635m
  • Shares outstanding: 18.83m
  • Website: https://www.peoplesutah.com

Number of Employees


Location

  • People's Utah Bancorp
  • 1 East Main Street
  • American Fork
  • Utah
  • 84003
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PUBNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDJun 2015

Biography

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 c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:35
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.