Jr. Fred W. Fairclough Sells 1,700 Shares of Peoples Utah Bancorp (PUB) Stock
Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $30.47, for a total value of $51,799.00. Following the transaction, the director now owns 70,676 shares in the company, valued at $2,153,497.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Peoples Utah Bancorp (PUB) opened at $30.10 on Friday. The company has a market cap of $572.02, a P/E ratio of 27.87, a PEG ratio of 1.91 and a beta of 0.94. Peoples Utah Bancorp has a 12-month low of $24.60 and a 12-month high of $33.90.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Monday, February 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, February 2nd. Peoples Utah Bancorp’s payout ratio is presently 33.33%.
Several hedge funds have recently added to or reduced their stakes in PUB. Macquarie Group Ltd. purchased a new stake in Peoples Utah Bancorp in the third quarter valued at approximately $182,000. Alliancebernstein L.P. purchased a new stake in Peoples Utah Bancorp in the second quarter valued at approximately $247,000. OxFORD Asset Management LLP purchased a new stake in Peoples Utah Bancorp in the second quarter valued at approximately $264,000. The Manufacturers Life Insurance Company raised its position in Peoples Utah Bancorp by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after purchasing an additional 1,156 shares during the period. Finally, Wells Fargo & Company MN raised its position in Peoples Utah Bancorp by 15.9% in the third 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 during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.
About Peoples 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.
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