People’s Utah Bancorp (PUB) Director Jr. Fred W. Fairclough Sells 1,700 Shares of Stock

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $29.97, for a total transaction of $50,949.00. Following the completion of the transaction, the director now directly owns 87,676 shares of the company’s stock, valued at $2,627,649.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

People’s Utah Bancorp (NASDAQ PUB) traded up 2.21% on Friday, reaching $30.00. 12,640 shares of the company traded hands. People’s Utah Bancorp has a 1-year low of $18.49 and a 1-year high of $30.60. The stock’s 50-day moving average is $28.63 and its 200-day moving average is $28.63. The stock has a market capitalization of $538.74 million, a price-to-earnings ratio of 21.28 and a beta of 0.98.

People’s Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $23.33 million during the quarter, compared to analyst estimates of $22.80 million. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. Equities research analysts expect that People’s Utah Bancorp will post $1.46 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://sportsperspectives.com/2017/09/22/peoples-utah-bancorp-pub-director-jr-fred-w-fairclough-sells-1700-shares-of-stock.html.

Several research firms recently commented on PUB. BidaskClub raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, TheStreet raised shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System bought a new stake in People’s Utah Bancorp during the first quarter valued at approximately $243,000. Bank of New York Mellon Corp grew its position in People’s Utah Bancorp by 13.9% during the first quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock valued at $1,489,000 after buying an additional 6,884 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in People’s Utah Bancorp by 84.9% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 10,726 shares of the bank’s stock valued at $282,000 after buying an additional 4,926 shares during the period. First Trust Advisors LP grew its position in People’s Utah Bancorp by 9.4% during the first quarter. First Trust Advisors LP now owns 32,843 shares of the bank’s stock valued at $869,000 after buying an additional 2,823 shares during the period. Finally, Vanguard Group Inc. grew its position in People’s Utah Bancorp by 4.4% during the first quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after buying an additional 23,437 shares during the period. Institutional investors own 31.14% of the company’s stock.

About People’s Utah Bancorp

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 People`s Utah Bancorp (NASDAQ:PUB)

Receive News & Ratings for People's Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply