Insider Selling: Peoples Utah Bancorp (PUB) Director Sells 2,000 Shares of Stock
Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $31.70, for a total transaction of $63,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Peoples Utah Bancorp (NASDAQ PUB) opened at $31.95 on Friday. The stock has a market capitalization of $577.72, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. Peoples Utah Bancorp has a 1-year low of $23.95 and a 1-year high of $33.60.
Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Wednesday, October 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Peoples Utah Bancorp had a return on equity of 11.15% and a net margin of 27.33%. equities analysts expect that Peoples Utah Bancorp will post 1.44 earnings per share for the current year.
A number of equities analysts have issued reports on PUB shares. Zacks Investment Research cut Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. ValuEngine cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Raymond James Financial started coverage on Peoples Utah Bancorp in a report on Wednesday. They set an “outperform” rating and a $35.00 target price for the company. Finally, BidaskClub cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Peoples Utah Bancorp presently has a consensus rating of “Hold” and an average price target of $35.00.
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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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