Peoples Utah Bancorp (PUB) Hits New 12-Month Low After Insider Selling

Peoples Utah Bancorp (NASDAQ:PUB)’s share price hit a new 52-week low during trading on Thursday following insider selling activity. The company traded as low as $28.92 and last traded at $29.66, with a volume of 312 shares traded. The stock had previously closed at $30.61.

Specifically, Director Jr. Fred W. Fairclough sold 1,375 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $29.30, for a total value of $40,287.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 15,125 shares of company stock worth $494,546 in the last ninety days. Insiders own 18.33% of the company’s stock.

Several equities research analysts recently commented on PUB shares. BidaskClub lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, October 30th.

The stock has a market capitalization of $573.00 million, a P/E ratio of 19.72, a P/E/G ratio of 1.80 and a beta of 0.79.

Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $30.98 million during the quarter, compared to analyst estimates of $30.60 million. Peoples Utah Bancorp had a return on equity of 14.14% and a net margin of 24.05%. On average, equities research analysts expect that Peoples Utah Bancorp will post 2.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Tuesday, November 6th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Monday, November 5th. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 28.76%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Peoples Utah Bancorp by 2.9% in the third quarter. BlackRock Inc. now owns 861,362 shares of the bank’s stock valued at $29,244,000 after acquiring an additional 24,642 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Peoples Utah Bancorp by 4.7% during the third quarter. Vanguard Group Inc. now owns 772,678 shares of the bank’s stock worth $26,233,000 after purchasing an additional 34,600 shares in the last quarter. Davis Capital Partners LLC increased its stake in shares of Peoples Utah Bancorp by 1.2% during the second quarter. Davis Capital Partners LLC now owns 750,000 shares of the bank’s stock worth $26,775,000 after purchasing an additional 8,764 shares in the last quarter. Wasatch Advisors Inc. boosted its position in Peoples Utah Bancorp by 13.8% during the third quarter. Wasatch Advisors Inc. now owns 557,406 shares of the bank’s stock worth $18,924,000 after acquiring an additional 67,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Peoples Utah Bancorp by 12.9% during the third quarter. Dimensional Fund Advisors LP now owns 387,949 shares of the bank’s stock worth $13,171,000 after acquiring an additional 44,457 shares during the last quarter. 38.01% of the stock is currently owned by institutional investors and hedge funds.

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Peoples Utah Bancorp Company Profile (NASDAQ:PUB)

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.

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