People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $32.89, for a total value of $65,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
People’s Utah Bancorp (NASDAQ:PUB) last posted its earnings results on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. The company had revenue of $23.33 million for the quarter, compared to analyst estimates of $22.80 million.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new stake in shares of People’s Utah Bancorp in the 1st quarter worth about $117,000. SG Americas Securities LLC acquired a new stake in shares of People’s Utah Bancorp in the 2nd quarter worth about $163,000. American International Group Inc. raised its holdings 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 worth $212,000 after acquiring an additional 533 shares during the last quarter. Nationwide Fund Advisors raised its holdings 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 worth $223,000 after acquiring an additional 232 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new stake in shares of People’s Utah Bancorp in the 1st quarter worth about $243,000. Institutional investors own 31.14% of the company’s stock.
Several research firms have issued reports on PUB. ValuEngine downgraded People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, BidaskClub raised People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st.
About People’s Utah Bancorp
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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