Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $31.87, for a total value of $43,821.25. Following the sale, the director now owns 40,036 shares in the company, valued at approximately $1,275,947.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
NASDAQ:PUB traded down $0.70 during mid-day trading on Friday, reaching $33.10. The stock had a trading volume of 9,111 shares, compared to its average volume of 15,806. The company has a market capitalization of $620.28 million, a P/E ratio of 21.63, a P/E/G ratio of 1.95 and a beta of 0.81. Peoples Utah Bancorp has a fifty-two week low of $29.05 and a fifty-two week high of $38.70.
Peoples Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Wednesday, October 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $30.98 million during the quarter, compared to analysts’ expectations of $30.60 million. Peoples Utah Bancorp had a return on equity of 14.34% and a net margin of 24.05%. On average, equities analysts predict that Peoples Utah Bancorp will post 2.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, November 5th. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. Peoples Utah Bancorp’s payout ratio is currently 28.76%.
PUB has been the topic of a number of research reports. BidaskClub downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Zacks Investment Research upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, August 1st. Finally, Raymond James downgraded Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, August 2nd.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of 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 during the period. Davis Capital Partners LLC boosted its position in shares of Peoples Utah Bancorp by 1.2% in the second quarter. Davis Capital Partners LLC now owns 750,000 shares of the bank’s stock valued at $26,775,000 after acquiring an additional 8,764 shares during the period. Wasatch Advisors Inc. boosted its position in shares of Peoples Utah Bancorp by 13.8% in the third quarter. Wasatch Advisors Inc. now owns 557,406 shares of the bank’s stock valued at $18,924,000 after acquiring an additional 67,550 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Peoples Utah Bancorp by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 343,492 shares of the bank’s stock valued at $12,263,000 after acquiring an additional 70,210 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Peoples Utah Bancorp by 19.6% in the second quarter. Northern Trust Corp now owns 192,245 shares of the bank’s stock valued at $6,862,000 after acquiring an additional 31,522 shares during the period. 38.66% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: Rule of 72
Receive News & Ratings for Peoples Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.