Jr. Fred W. Fairclough Sells 1,700 Shares of Peoples Utah Bancorp (PUB) Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $30.82, for a total value of $52,394.00. Following the transaction, the director now directly owns 68,976 shares of the company’s stock, valued at $2,125,840.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Peoples Utah Bancorp (NASDAQ PUB) traded up $0.35 during trading on Friday, hitting $30.90. The stock had a trading volume of 10,237 shares, compared to its average volume of 25,265. Peoples Utah Bancorp has a fifty-two week low of $24.63 and a fifty-two week high of $33.90. The stock has a market cap of $565.54, a P/E ratio of 28.61, a P/E/G ratio of 1.89 and a beta of 0.94.

Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The firm had revenue of $28.47 million during the quarter, compared to the consensus estimate of $27.39 million. Peoples Utah Bancorp had a return on equity of 11.67% and a net margin of 19.74%. equities research analysts predict that Peoples Utah Bancorp will post 2.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Monday, February 5th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, February 2nd. Peoples Utah Bancorp’s dividend payout ratio is presently 33.33%.

Several research firms have recently weighed in on PUB. Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a report on Wednesday, December 27th. ValuEngine downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Raymond James Financial began coverage on Peoples Utah Bancorp in a report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.00.

A number of institutional investors and hedge funds have recently bought and sold shares of PUB. Schwab Charles Investment Management Inc. raised its stake in Peoples Utah Bancorp by 40.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock valued at $665,000 after acquiring an additional 7,200 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Peoples Utah Bancorp during the 2nd quarter valued at approximately $247,000. Teachers Advisors LLC raised its stake in Peoples Utah Bancorp by 4.5% during the 2nd quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock valued at $608,000 after acquiring an additional 987 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Peoples Utah Bancorp by 1.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,302 shares of the bank’s stock valued at $973,000 after acquiring an additional 558 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Peoples Utah Bancorp by 11.7% during the 2nd quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock valued at $4,253,000 after acquiring an additional 16,657 shares during the last quarter. 35.21% of the stock is owned by hedge funds and other institutional investors.

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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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