People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $32.12, for a total transaction of $64,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
People’s Utah Bancorp (NASDAQ:PUB) opened at 32.30 on Friday. The company has a market cap of $580.04 million, a price-to-earnings ratio of 22.91 and a beta of 1.05. People’s Utah Bancorp has a 12 month low of $19.25 and a 12 month high of $33.60. The company’s 50-day moving average is $31.35 and its 200 day moving average is $27.90.
People’s Utah Bancorp (NASDAQ:PUB) last released its earnings results on Friday, July 28th. The bank reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $23.33 million for the quarter, compared to analysts’ expectations of $22.80 million. People’s Utah Bancorp had a return on equity of 11.28% and a net margin of 27.33%. Equities analysts forecast that People’s Utah Bancorp will post $1.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, November 3rd. People’s Utah Bancorp’s payout ratio is 25.53%.
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PUB has been the subject of a number of research analyst reports. ValuEngine lowered shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. Dimensional Fund Advisors LP lifted its stake in People’s Utah Bancorp by 42.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock valued at $3,476,000 after acquiring an additional 38,923 shares in the last quarter. State Street Corp lifted its stake 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 valued at $6,036,000 after acquiring an additional 28,411 shares in the last quarter. Swiss National Bank bought a new stake in People’s Utah Bancorp in the 2nd quarter valued at approximately $641,000. Vanguard Group Inc. lifted its stake in People’s Utah Bancorp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after acquiring an additional 23,437 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in People’s Utah Bancorp by 11.7% in the 2nd quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock valued at $4,253,000 after acquiring an additional 16,657 shares in the last quarter. Hedge funds and other institutional investors own 31.03% of the company’s stock.
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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