Insider Selling: Peoples Utah Bancorp (PUB) Director Sells 1,375 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $25.38, for a total value of $34,897.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PUB traded up $0.04 during trading hours on Friday, hitting $27.89. The company’s stock had a trading volume of 11,842 shares, compared to its average volume of 40,339. Peoples Utah Bancorp has a fifty-two week low of $25.18 and a fifty-two week high of $38.70. The stock has a market cap of $524.25 million, a P/E ratio of 13.03, a P/E/G ratio of 1.54 and a beta of 0.63.

Peoples Utah Bancorp (NASDAQ:PUB) last posted its earnings results on Monday, January 28th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Peoples Utah Bancorp had a return on equity of 14.65% and a net margin of 31.00%. The firm had revenue of $31.63 million for the quarter, compared to analysts’ expectations of $31.07 million. As a group, equities analysts predict that Peoples Utah Bancorp will post 2.27 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of PUB. Dimensional Fund Advisors LP increased its position in Peoples Utah Bancorp by 12.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 387,949 shares of the bank’s stock valued at $13,171,000 after acquiring an additional 44,457 shares during the period. Vanguard Group Inc increased its position in Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 772,678 shares of the bank’s stock valued at $26,233,000 after acquiring an additional 34,600 shares during the period. Vanguard Group Inc. increased its position in Peoples Utah Bancorp by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 772,678 shares of the bank’s stock valued at $26,233,000 after acquiring an additional 34,600 shares during the period. Matarin Capital Management LLC acquired a new stake in Peoples Utah Bancorp in the 3rd quarter valued at approximately $1,005,000. Finally, First Trust Advisors LP increased its position in shares of Peoples Utah Bancorp by 97.2% during the 3rd quarter. First Trust Advisors LP now owns 52,063 shares of the bank’s stock valued at $1,768,000 after purchasing an additional 25,660 shares during the period. Hedge funds and other institutional investors own 37.43% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. FIG Partners raised Peoples Utah Bancorp from a “market-perform” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, March 28th. Sandler O’Neill raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. BidaskClub downgraded Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, February 14th. Finally, ValuEngine downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Peoples Utah Bancorp currently has a consensus rating of “Hold” and an average target price of $33.50.

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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.

Further Reading: Calculate Your Return on Investment (ROI)

Insider Buying and Selling by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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