Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $34.85, for a total transaction of $47,918.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of PUB traded down $0.40 during mid-day trading on Wednesday, hitting $34.60. The company’s stock had a trading volume of 178 shares, compared to its average volume of 24,536. The stock has a market capitalization of $652.83 million, a P/E ratio of 22.61, a P/E/G ratio of 2.07 and a beta of 0.87. Peoples Utah Bancorp has a fifty-two week low of $29.05 and a fifty-two week high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $31.04 million for the quarter, compared to analysts’ expectations of $30.79 million. Peoples Utah Bancorp had a net margin of 22.22% and a return on equity of 13.24%. equities research analysts forecast that Peoples Utah Bancorp will post 2.11 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in PUB. Wells Fargo & Company MN grew its stake in shares of Peoples Utah Bancorp by 8.9% in the 1st quarter. Wells Fargo & Company MN now owns 22,560 shares of the bank’s stock worth $728,000 after purchasing an additional 1,842 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Peoples Utah Bancorp in the 1st quarter worth approximately $241,000. Northern Trust Corp grew its stake in shares of Peoples Utah Bancorp by 3.5% in the 1st quarter. Northern Trust Corp now owns 160,723 shares of the bank’s stock worth $5,191,000 after purchasing an additional 5,494 shares during the last quarter. BlackRock Inc. grew its stake in shares of Peoples Utah Bancorp by 1.4% in the 1st quarter. BlackRock Inc. now owns 701,264 shares of the bank’s stock worth $22,651,000 after purchasing an additional 9,606 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Peoples Utah Bancorp by 13.0% in the 1st quarter. New York State Common Retirement Fund now owns 22,432 shares of the bank’s stock worth $725,000 after purchasing an additional 2,583 shares during the last quarter. 38.71% of the stock is currently owned by institutional investors.

Several research firms have commented on PUB. ValuEngine cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. BidaskClub raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 30th. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, August 1st. Finally, Raymond James cut shares of Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 2nd.

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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