Peoples Utah Bancorp (NASDAQ:PUB) Director Sells $52,462.00 in Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $30.86, for a total value of $52,462.00. Following the sale, the director now directly owns 82,576 shares of the company’s stock, valued at $2,548,295.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Peoples Utah Bancorp (NASDAQ:PUB) opened at $31.35 on Monday. The stock has a market capitalization of $565.11, a P/E ratio of 21.77, a PEG ratio of 2.73 and a beta of 0.98. Peoples Utah Bancorp has a 52-week low of $22.95 and a 52-week high of $33.60.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.36 annualized dividend and a yield of 1.15%. Peoples Utah Bancorp’s payout ratio is 25.53%.

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Peoples Utah Bancorp by 13.9% in the first quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock valued at $1,489,000 after acquiring an additional 6,884 shares in the last quarter. American International Group Inc. raised its stake in shares of Peoples Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after acquiring an additional 533 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Peoples Utah Bancorp in the first quarter valued at $243,000. Vanguard Group Inc. raised its stake in shares of Peoples Utah Bancorp by 4.4% in the first quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after acquiring an additional 23,437 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Peoples Utah Bancorp by 3.5% in the first quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock valued at $3,495,000 after acquiring an additional 4,494 shares in the last quarter. Institutional investors own 31.82% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, ValuEngine cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday.

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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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