Peoples Utah Bancorp (PUB) Director Sells $51,799.00 in Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.47, for a total value of $51,799.00. Following the completion of the sale, the director now directly owns 70,676 shares of the company’s stock, valued at approximately $2,153,497.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peoples Utah Bancorp (PUB) opened at $30.90 on Thursday. The stock has a market capitalization of $556.90 and a price-to-earnings ratio of 28.61. Peoples Utah Bancorp has a one year low of $24.60 and a one year high of $33.90.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, February 2nd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

Several large investors have recently added to or reduced their stakes in PUB. Macquarie Group Ltd. acquired a new position in Peoples Utah Bancorp in the 3rd quarter valued at about $182,000. Alliancebernstein L.P. acquired a new position in Peoples Utah Bancorp in the 2nd quarter valued at about $247,000. OxFORD Asset Management LLP acquired a new position in Peoples Utah Bancorp in the 2nd quarter valued at about $264,000. The Manufacturers Life Insurance Company raised its stake in Peoples Utah Bancorp by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Peoples Utah Bancorp by 15.9% in the 3rd quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock valued at $408,000 after purchasing an additional 2,047 shares during the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on PUB. Raymond James Financial began coverage on Peoples Utah Bancorp in a report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 target price for the company. BidaskClub downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, ValuEngine downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Peoples Utah Bancorp has an average rating of “Hold” and an average target price of $35.00.

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Peoples Utah Bancorp Company Profile

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 Peoples Utah Bancorp (NASDAQ:PUB)

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