Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $27.26, for a total value of $46,342.00. Following the sale, the director now directly owns 41,260 shares of the company’s stock, valued at $1,124,747.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Peoples Utah Bancorp (NASDAQ:PUB) opened at 26.70 on Friday. The firm has a market capitalization of $479.48 million, a PE ratio of 18.94 and a beta of 0.98. The firm has a 50-day moving average price of $27.24 and a 200 day moving average price of $26.62. Peoples Utah Bancorp has a one year low of $18.49 and a one year high of $29.35.
Peoples Utah Bancorp (NASDAQ:PUB) last posted its earnings results on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $23.33 million for the quarter, compared to the consensus estimate of $22.80 million. Peoples Utah Bancorp had a return on equity of 10.99% and a net margin of 27.84%. Analysts anticipate that Peoples Utah Bancorp will post $1.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. This is an increase from Peoples Utah Bancorp’s previous quarterly dividend of $0.08. Peoples Utah Bancorp’s dividend payout ratio is currently 25.53%.
PUB has been the subject of several research reports. TheStreet raised Peoples Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th. ValuEngine raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th.
Several large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Peoples Utah Bancorp by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock worth $326,000 after acquiring an additional 1,156 shares in the last quarter. State Street Corp lifted its position 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 worth $6,036,000 after acquiring an additional 28,411 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Peoples Utah Bancorp during the second quarter worth $264,000. Dimensional Fund Advisors LP lifted its position in shares of Peoples Utah Bancorp by 42.9% during the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after acquiring an additional 38,923 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Peoples Utah Bancorp by 2.8% during the second quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after acquiring an additional 15,655 shares in the last quarter. Hedge funds and other institutional investors own 31.14% of the company’s stock.
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.
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