Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $29.62, for a total value of $40,727.50. Following the sale, the director now owns 19,411 shares in the company, valued at approximately $574,953.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PUB stock traded down $0.11 on Wednesday, reaching $30.01. The company’s stock had a trading volume of 38,529 shares, compared to its average volume of 27,168. Peoples Utah Bancorp has a 52 week low of $25.18 and a 52 week high of $38.70. The firm has a market capitalization of $546.38 million, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.60 and a beta of 0.66.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. Peoples Utah Bancorp had a return on equity of 14.62% and a net margin of 31.96%. The business had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.94 million. On average, sell-side analysts forecast that Peoples Utah Bancorp will post 2.28 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in PUB. Advisor Group Inc. purchased a new stake in shares of Peoples Utah Bancorp in the fourth quarter valued at $45,000. Crewe Advisors LLC acquired a new position in shares of Peoples Utah Bancorp in the first quarter worth $53,000. Marshall Wace North America L.P. acquired a new position in shares of Peoples Utah Bancorp in the first quarter worth $58,000. Marshall Wace LLP acquired a new position in shares of Peoples Utah Bancorp in the first quarter worth $80,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Peoples Utah Bancorp by 107,166.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,218 shares of the bank’s stock worth $85,000 after acquiring an additional 3,215 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.
Several research firms have recently commented on PUB. BidaskClub lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. ValuEngine lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Sandler O’Neill raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. FIG Partners raised Peoples Utah Bancorp from a “market-perform” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, March 28th. Finally, Zacks Investment Research lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.50.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://sportsperspectives.com/2019/05/15/jr-fred-w-fairclough-sells-1375-shares-of-peoples-utah-bancorp-pub-stock-4.html.
Peoples Utah Bancorp Company Profile
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.
Featured Story: Google Finance Portfolio
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.