Insider Selling: Peoples Utah Bancorp (NASDAQ:PUB) Director Sells 1,375 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $27.92, for a total value of $38,390.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Utah Bancorp stock opened at $26.96 on Friday. Peoples Utah Bancorp has a one year low of $25.18 and a one year high of $36.51. The stock has a market capitalization of $540.15 million, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The business’s fifty day moving average is $29.19 and its 200 day moving average is $28.71.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Thursday, July 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $31.32 million for the quarter, compared to analysts’ expectations of $31.24 million. Peoples Utah Bancorp had a return on equity of 14.38% and a net margin of 32.16%. As a group, research analysts anticipate that Peoples Utah Bancorp will post 2.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were given a $0.13 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.52 annualized dividend and a yield of 1.93%. Peoples Utah Bancorp’s payout ratio is 24.30%.

Several analysts have issued reports on PUB shares. BidaskClub raised Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 14th. FIG Partners lowered Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, April 29th. DA Davidson reaffirmed a “neutral” rating on shares of Peoples Utah Bancorp in a research note on Tuesday, July 30th. ValuEngine lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 1st. Finally, Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $34.00 price objective for the company in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.50.

A number of large investors have recently made changes to their positions in PUB. Bank of New York Mellon Corp boosted its position in Peoples Utah Bancorp by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 69,806 shares of the bank’s stock worth $2,105,000 after purchasing an additional 3,834 shares during the last quarter. Advisor Group Inc. purchased a new position in Peoples Utah Bancorp in the fourth quarter worth about $45,000. Dimensional Fund Advisors LP boosted its position in Peoples Utah Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 409,325 shares of the bank’s stock worth $12,341,000 after purchasing an additional 21,376 shares during the last quarter. Geode Capital Management LLC boosted its position in Peoples Utah Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 178,015 shares of the bank’s stock worth $5,367,000 after purchasing an additional 8,083 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Peoples Utah Bancorp by 24.6% in the fourth quarter. Bank of America Corp DE now owns 23,835 shares of the bank’s stock worth $718,000 after purchasing an additional 4,705 shares during the last quarter. 37.21% of the stock is currently owned by institutional investors and hedge funds.

About Peoples Utah Bancorp

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.

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

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