Peoples Utah Bancorp (PUB) Director Sells $63,140.00 in Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $31.57, for a total value of $63,140.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peoples Utah Bancorp stock opened at $32.30 on Friday. Peoples Utah Bancorp has a 12 month low of $24.63 and a 12 month high of $33.90. The firm has a market capitalization of $601.94, a price-to-earnings ratio of 21.39, a P/E/G ratio of 2.00 and a beta of 0.96.

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Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Wednesday, January 24th. The bank reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Peoples Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. The business had revenue of $28.47 million for the quarter, compared to the consensus estimate of $27.39 million. sell-side analysts anticipate that Peoples Utah Bancorp will post 2.02 EPS for the current fiscal year.

Several research firms have commented on PUB. Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Wednesday, December 27th. BidaskClub raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, 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 on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.00.

A number of institutional investors have recently added to or reduced their stakes in PUB. Davis Capital Partners LLC boosted its holdings 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 acquiring an additional 167,536 shares in the last quarter. Keeler Thomas Management LLC bought a new position in shares of Peoples Utah Bancorp during the fourth quarter valued at $1,217,000. Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Utah Bancorp by 29.6% during the third quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock valued at $5,455,000 after purchasing an additional 38,397 shares in the last quarter. State Street Corp lifted its holdings in shares of Peoples Utah Bancorp by 14.4% during the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock valued at $6,036,000 after purchasing an additional 28,411 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Peoples Utah Bancorp by 3.7% during the fourth quarter. BlackRock Inc. now owns 691,658 shares of the bank’s stock valued at $20,957,000 after purchasing an additional 24,847 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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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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