People’s Utah Bancorp (NASDAQ:PUB) CEO Richard T. Beard sold 12,170 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $27.00, for a total transaction of $328,590.00. Following the transaction, the chief executive officer now directly owns 117,850 shares of the company’s stock, valued at approximately $3,181,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

People’s Utah Bancorp (NASDAQ:PUB) traded down 0.37% during mid-day trading on Wednesday, reaching $26.90. 8,873 shares of the company traded hands. People’s Utah Bancorp has a 52 week low of $18.49 and a 52 week high of $29.35. The firm has a market capitalization of $483.07 million, a price-to-earnings ratio of 19.08 and a beta of 0.97. The stock’s 50 day moving average price is $27.24 and its 200 day moving average price is $26.48.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. The business had revenue of $23.33 million for the quarter, compared to analysts’ expectations of $22.80 million. Equities analysts forecast that People’s Utah Bancorp will post $1.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a dividend of $0.09 per share. This is a boost from People’s Utah Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, August 3rd. People’s Utah Bancorp’s payout ratio is currently 25.53%.

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Several large investors have recently modified their holdings of PUB. Nationwide Fund Advisors boosted its stake in shares of People’s Utah Bancorp by 2.8% in the first quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after buying an additional 232 shares in the last quarter. American International Group Inc. boosted its stake in shares of People’s Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after buying an additional 533 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of People’s Utah Bancorp by 1.6% in the second quarter. TIAA CREF Investment Management LLC now owns 36,302 shares of the bank’s stock valued at $973,000 after buying an additional 558 shares during the period. Rhumbline Advisers boosted its stake in shares of People’s Utah Bancorp by 6.5% in the second quarter. Rhumbline Advisers now owns 15,041 shares of the bank’s stock valued at $403,000 after buying an additional 915 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of People’s Utah Bancorp by 4.5% in the second quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock valued at $608,000 after buying an additional 987 shares during the period. Institutional investors and hedge funds own 28.98% of the company’s stock.

PUB has been the topic of several analyst reports. ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Saturday, April 29th. BidaskClub upgraded shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

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.

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