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

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $32.13, for a total transaction of $54,621.00. Following the completion of the transaction, the director now directly owns 56,176 shares in the company, valued at $1,804,934.88. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of People’s Utah Bancorp stock opened at $32.50 on Friday. The stock has a market capitalization of $599.44, a P/E ratio of 21.26, a P/E/G ratio of 1.98 and a beta of 0.87. People’s Utah Bancorp has a twelve month low of $24.63 and a twelve month high of $33.90.

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People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $28.47 million for the quarter, compared to analyst estimates of $27.39 million. People’s Utah Bancorp had a net margin of 19.74% and a return on equity of 11.46%. equities analysts anticipate that People’s Utah Bancorp will post 2.02 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in People’s Utah Bancorp in the 4th quarter valued at about $212,000. Forest Hill Capital LLC lifted its stake in People’s Utah Bancorp by 0.6% in the 4th quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock worth $12,623,000 after purchasing an additional 2,500 shares in the last quarter. Deutsche Bank AG lifted its stake in People’s Utah Bancorp by 48.3% in the 4th quarter. Deutsche Bank AG now owns 46,827 shares of the bank’s stock worth $1,418,000 after purchasing an additional 15,261 shares in the last quarter. Cardinal Capital Management LLC CT lifted its stake in People’s Utah Bancorp by 25.6% in the 4th quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock worth $327,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Davis Capital Partners LLC lifted its stake in People’s Utah Bancorp by 31.0% in the 4th quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock worth $16,327,000 after purchasing an additional 127,539 shares in the last quarter. 34.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of People’s Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Zacks Investment Research lowered shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Raymond James assumed coverage on shares of People’s Utah Bancorp in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. People’s Utah Bancorp currently has a consensus rating of “Hold” and an average price target of $35.00.

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People’s Utah Bancorp Company Profile

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 checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.

Insider Buying and Selling by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

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