Insider Selling: Peoples Utah Bancorp (NASDAQ:PUB) Director Sells 3,750 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 3,750 shares of Peoples Utah Bancorp stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $20.79, for a total transaction of $77,962.50.

Shares of Peoples Utah Bancorp stock traded up $0.77 during trading on Thursday, hitting $21.52. 756 shares of the stock traded hands, compared to its average volume of 44,612. The stock’s fifty day simple moving average is $21.73 and its 200 day simple moving average is $24.02. Peoples Utah Bancorp has a 52-week low of $13.55 and a 52-week high of $31.27. The firm has a market cap of $410.89 million, a P/E ratio of 8.83 and a beta of 0.92.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.10. Peoples Utah Bancorp had a return on equity of 13.64% and a net margin of 33.06%. The firm had revenue of $30.96 million during the quarter, compared to analyst estimates of $30.12 million. On average, equities research analysts anticipate that Peoples Utah Bancorp will post 2.03 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of PUB. Wellington Management Group LLP boosted its holdings in shares of Peoples Utah Bancorp by 64.7% in the first quarter. Wellington Management Group LLP now owns 565,472 shares of the bank’s stock valued at $10,952,000 after acquiring an additional 222,134 shares during the period. Bank of New York Mellon Corp increased its position in shares of Peoples Utah Bancorp by 36.4% during the 4th quarter. Bank of New York Mellon Corp now owns 112,245 shares of the bank’s stock worth $3,380,000 after purchasing an additional 29,937 shares during the last quarter. BlackRock Inc. lifted its stake in Peoples Utah Bancorp by 1.3% in the first quarter. BlackRock Inc. now owns 1,068,824 shares of the bank’s stock valued at $20,702,000 after acquiring an additional 14,039 shares during the last quarter. Rhumbline Advisers grew its holdings in Peoples Utah Bancorp by 8.4% during the first quarter. Rhumbline Advisers now owns 26,539 shares of the bank’s stock worth $514,000 after purchasing an additional 2,050 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Peoples Utah Bancorp by 11.7% during the 4th quarter. Victory Capital Management Inc. now owns 54,840 shares of the bank’s stock valued at $1,430,000 after purchasing an additional 5,744 shares during the last quarter. 40.55% of the stock is owned by institutional investors.

Several brokerages have issued reports on PUB. Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James upgraded Peoples Utah Bancorp from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a research report on Wednesday, June 17th. ValuEngine lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 14th. Finally, BidaskClub upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Peoples Utah Bancorp currently has a consensus rating of “Hold” and a consensus price target of $24.50.

About Peoples Utah Bancorp

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

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