Peoples Utah Bancorp (PUB) Director Sells $51,663.00 in Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $30.39, for a total transaction of $51,663.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Peoples Utah Bancorp (NASDAQ PUB) traded down $0.15 on Monday, hitting $31.35. 10,100 shares of the stock were exchanged, compared to its average volume of 26,275. The stock has a market cap of $565.11, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.73 and a beta of 0.98. Peoples Utah Bancorp has a 12-month low of $22.95 and a 12-month high of $33.60.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 25.53%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Peoples Utah Bancorp by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after acquiring an additional 15,655 shares during the last quarter. Davis Capital Partners LLC lifted its holdings in shares of Peoples Utah Bancorp by 68.7% during the 3rd quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after acquiring an additional 167,536 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of Peoples Utah Bancorp by 5.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock worth $8,143,000 after acquiring an additional 12,324 shares during the last quarter. State Street Corp lifted its holdings in shares of Peoples Utah Bancorp by 14.4% during the 2nd 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Utah Bancorp by 29.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock worth $5,455,000 after acquiring an additional 38,397 shares during the last quarter. Hedge funds and other institutional investors own 31.82% of the company’s stock.

A number of research analysts recently weighed in on PUB shares. ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st.

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Peoples Utah Bancorp Company Profile

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.

Insider Buying and Selling by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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