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

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $30.39, for a total value of $51,663.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

People’s Utah Bancorp (NASDAQ PUB) traded down $0.15 during midday trading on Thursday, hitting $30.75. The company’s stock had a trading volume of 20,051 shares, compared to its average volume of 26,459. People’s Utah Bancorp has a 1 year low of $21.80 and a 1 year high of $33.60. The company has a market cap of $555.19, a price-to-earnings ratio of 21.39, a PEG ratio of 2.68 and a beta of 1.00.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. People’s Utah Bancorp’s payout ratio is 25.53%.

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Several institutional investors have recently made changes to their positions in the stock. Davis Capital Partners LLC boosted its position in shares of People’s Utah Bancorp by 68.7% during the 3rd quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock valued at $13,346,000 after purchasing an additional 167,536 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of People’s Utah Bancorp by 29.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock valued at $5,455,000 after purchasing an additional 38,397 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of People’s Utah Bancorp by 15.9% during the 3rd quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock valued at $408,000 after purchasing an additional 2,047 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of People’s Utah Bancorp by 5.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 250,954 shares of the bank’s stock valued at $8,143,000 after purchasing an additional 12,324 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of People’s Utah Bancorp during the 3rd quarter valued at about $182,000. Institutional investors own 31.15% of the company’s stock.

A number of equities research analysts have commented on PUB shares. BidaskClub lowered People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine lowered People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.

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)

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