Jr. Fred W. Fairclough Sells 3,674 Shares of Peoples Utah Bancorp (NASDAQ:PUB) Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 3,674 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $28.66, for a total transaction of $105,296.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of PUB traded up $0.32 during trading hours on Wednesday, hitting $28.92. The company had a trading volume of 18,963 shares, compared to its average volume of 29,217. The firm has a market cap of $539.40 million, a price-to-earnings ratio of 13.52 and a beta of 0.68. The business has a fifty day moving average of $29.27 and a 200-day moving average of $28.77. Peoples Utah Bancorp has a 12 month low of $25.18 and a 12 month high of $33.05.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The company had revenue of $32.66 million during the quarter, compared to the consensus estimate of $31.45 million. Peoples Utah Bancorp had a net margin of 32.15% and a return on equity of 14.12%. On average, sell-side analysts forecast that Peoples Utah Bancorp will post 2.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, November 1st. Peoples Utah Bancorp’s payout ratio is presently 24.30%.

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Peoples Utah Bancorp by 25.5% in the second quarter. Victory Capital Management Inc. now owns 45,850 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 9,305 shares during the period. Dupont Capital Management Corp increased its position in Peoples Utah Bancorp by 7.4% during the third quarter. Dupont Capital Management Corp now owns 18,081 shares of the bank’s stock worth $512,000 after acquiring an additional 1,245 shares during the period. Crewe Advisors LLC increased its position in Peoples Utah Bancorp by 141.7% during the second quarter. Crewe Advisors LLC now owns 4,834 shares of the bank’s stock worth $142,000 after acquiring an additional 2,834 shares during the period. River & Mercantile Asset Management LLP bought a new position in Peoples Utah Bancorp during the second quarter worth about $69,000. Finally, Bank of America Corp DE increased its position in Peoples Utah Bancorp by 7.4% during the second quarter. Bank of America Corp DE now owns 44,272 shares of the bank’s stock worth $1,302,000 after acquiring an additional 3,032 shares during the period. 39.43% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on PUB shares. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Peoples Utah Bancorp has an average rating of “Hold” and an average price target of $31.50.

Peoples Utah Bancorp Company Profile

People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.

See Also: Buyback For Investors Defined

Insider Buying and Selling by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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