Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $30.49, for a total transaction of $51,833.00. Following the completion of the sale, the director now owns 74,076 shares of the company’s stock, valued at approximately $2,258,577.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Peoples Utah Bancorp (NASDAQ:PUB) opened at $31.80 on Friday. Peoples Utah Bancorp has a one year low of $23.95 and a one year high of $33.60. The firm has a market cap of $574.12, a PE ratio of 22.55, a P/E/G ratio of 2.17 and a beta of 0.98.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Davis Capital Partners LLC raised its position in Peoples Utah Bancorp by 68.7% in the third quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after purchasing an additional 167,536 shares in the last quarter. John W. Rosenthal Capital Management Inc. acquired a new position in Peoples Utah Bancorp in the third quarter worth about $2,596,000. Dimensional Fund Advisors LP raised its position in Peoples Utah Bancorp by 42.9% in the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after purchasing an additional 38,923 shares in the last quarter. State Street Corp raised its position in Peoples Utah Bancorp by 14.4% in the second 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. Finally, Wedge Capital Management L L P NC acquired a new position in Peoples Utah Bancorp in the third quarter worth about $785,000. Institutional investors and hedge funds own 31.82% of the company’s stock.
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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