People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 45,115 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $27.02, for a total transaction of $1,219,007.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of People’s Utah Bancorp (PUB) opened at 27.50 on Wednesday. People’s Utah Bancorp has a 52 week low of $18.49 and a 52 week high of $27.85. The firm’s 50-day moving average is $27.15 and its 200-day moving average is $26.81. The stock has a market capitalization of $493.84 million, a price-to-earnings ratio of 19.50 and a beta of 0.98.
People’s Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $23.33 million for the quarter, compared to analyst estimates of $22.80 million. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. On average, equities research analysts anticipate that People’s Utah Bancorp will post $1.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a $0.09 dividend. This is a positive change from People’s Utah Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 3rd. People’s Utah Bancorp’s payout ratio is currently 25.53%.
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A number of analysts have issued reports on PUB shares. ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Finally, BidaskClub upgraded shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. Globeflex Capital L P acquired a new position in shares of People’s Utah Bancorp in the 1st quarter valued at about $117,000. SG Americas Securities LLC acquired a new position in shares of People’s Utah Bancorp in the 2nd quarter valued at about $163,000. American International Group Inc. lifted its stake in shares of People’s Utah Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after purchasing an additional 533 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of People’s Utah Bancorp by 2.8% in the 1st quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock valued at $223,000 after purchasing an additional 232 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of People’s Utah Bancorp in the 1st quarter valued at about $243,000. 31.14% of the stock is currently owned by institutional investors and hedge funds.
People’s 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.
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