Insider Selling: People’s Utah Bancorp (PUB) Director Sells $65,080.00 in Stock

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of People’s Utah Bancorp stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $32.54, for a total transaction of $65,080.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

People’s Utah Bancorp (NASDAQ:PUB) traded up $0.10 during mid-day trading on Thursday, hitting $30.90. 15,400 shares of the company traded hands, compared to its average volume of 26,488. People’s Utah Bancorp has a 1-year low of $21.80 and a 1-year high of $33.60. The firm has a market cap of $555.19, a price-to-earnings ratio of 21.39, a PEG ratio of 2.68 and a beta of 1.00.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, November 3rd. People’s Utah Bancorp’s payout ratio is presently 25.53%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in People’s Utah Bancorp by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after acquiring an additional 15,655 shares during the period. Davis Capital Partners LLC raised its holdings in People’s Utah Bancorp by 68.7% in the 3rd quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after acquiring an additional 167,536 shares during the period. Wasatch Advisors Inc. raised its holdings in People’s Utah Bancorp by 5.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock worth $8,143,000 after acquiring an additional 12,324 shares during the period. State Street Corp raised its holdings in People’s Utah Bancorp by 14.4% in the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after acquiring an additional 28,411 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in People’s Utah Bancorp by 29.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock worth $5,455,000 after acquiring an additional 38,397 shares during the period. Hedge funds and other institutional investors own 31.15% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of People’s Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

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.

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

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