Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $29.87, for a total value of $41,071.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

PUB stock traded up $0.10 during mid-day trading on Friday, reaching $29.64. The company had a trading volume of 24,294 shares, compared to its average volume of 28,098. The firm has a market capitalization of $557.29 million, a P/E ratio of 13.85, a P/E/G ratio of 1.65 and a beta of 0.66. Peoples Utah Bancorp has a fifty-two week low of $25.18 and a fifty-two week high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.94 million. Peoples Utah Bancorp had a return on equity of 14.62% and a net margin of 31.96%. On average, equities analysts anticipate that Peoples Utah Bancorp will post 2.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were given a $0.12 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Peoples Utah Bancorp’s previous quarterly dividend of $0.11. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 22.43%.

Several research firms recently issued reports on PUB. Zacks Investment Research lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Sandler O’Neill raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. ValuEngine raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. FIG Partners raised Peoples Utah Bancorp from a “market-perform” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, March 28th. Finally, BidaskClub lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.50.

A number of hedge funds have recently bought and sold shares of the business. Oxford Asset Management LLP acquired a new stake in Peoples Utah Bancorp in the 1st quarter valued at about $605,000. Marshall Wace LLP acquired a new stake in Peoples Utah Bancorp in the 1st quarter valued at about $80,000. Geode Capital Management LLC raised its position in Peoples Utah Bancorp by 5.2% in the 1st quarter. Geode Capital Management LLC now owns 187,201 shares of the bank’s stock valued at $4,936,000 after purchasing an additional 9,186 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Peoples Utah Bancorp by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 91,237 shares of the bank’s stock valued at $2,406,000 after purchasing an additional 4,239 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Peoples Utah Bancorp by 38.0% in the 1st quarter. Renaissance Technologies LLC now owns 145,300 shares of the bank’s stock valued at $3,832,000 after purchasing an additional 40,000 shares in the last quarter. 36.93% of the stock is currently owned by institutional investors.

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About Peoples Utah Bancorp

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.

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

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