Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $32.61, for a total transaction of $65,220.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Peoples Utah Bancorp (PUB) traded down $0.50 during trading on Wednesday, reaching $32.45. 53,993 shares of the company’s stock were exchanged, compared to its average volume of 26,568. Peoples Utah Bancorp has a 12 month low of $24.63 and a 12 month high of $33.90. The stock has a market capitalization of $611.36, a PE ratio of 30.05, a PEG ratio of 2.04 and a beta of 0.96.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. Peoples Utah Bancorp had a net margin of 19.74% and a return on equity of 11.67%. The company had revenue of $28.47 million during the quarter, compared to analysts’ expectations of $27.39 million. analysts expect that Peoples Utah Bancorp will post 2.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Monday, February 5th were issued a $0.09 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.11%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 33.33%.
Institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its holdings in Peoples Utah Bancorp by 31.3% in the third quarter. Sei Investments Co. now owns 33,511 shares of the bank’s stock valued at $1,087,000 after buying an additional 7,991 shares in the last quarter. State Street Corp increased its stake in shares of Peoples Utah Bancorp by 14.4% during the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after purchasing an additional 28,411 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Peoples Utah Bancorp by 29.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock worth $5,455,000 after purchasing an additional 38,397 shares in the last quarter. Wasatch Advisors Inc. increased its stake in shares of Peoples Utah Bancorp by 5.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock worth $8,143,000 after purchasing an additional 12,324 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of Peoples Utah Bancorp during the 4th quarter worth approximately $303,000. 34.94% of the stock is owned by institutional investors.
A number of research analysts have issued reports on PUB shares. BidaskClub raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a report on Wednesday, December 27th. ValuEngine cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Raymond James Financial started coverage on shares of Peoples Utah Bancorp in a report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.00.
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About Peoples 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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