Insider Selling: Peoples Utah Bancorp (PUB) Director Sells 1,700 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $31.84, for a total value of $54,128.00. Following the transaction, the director now directly owns 59,576 shares in the company, valued at approximately $1,896,899.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PUB stock opened at $30.80 on Friday. The company has a market capitalization of $588.89, a P/E ratio of 28.52, a PEG ratio of 1.95 and a beta of 0.96. Peoples Utah Bancorp has a 52 week low of $24.63 and a 52 week high of $33.90.

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Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Wednesday, January 24th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Peoples Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. The firm had revenue of $28.47 million for the quarter, compared to analysts’ expectations of $27.39 million. equities analysts predict that Peoples Utah Bancorp will post 2.02 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in PUB. Northern Trust Corp grew its stake in Peoples Utah Bancorp by 11.7% in the second quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock worth $4,253,000 after purchasing an additional 16,657 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Peoples Utah Bancorp by 42.9% in the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after purchasing an additional 38,923 shares in the last quarter. State Street Corp grew its stake in Peoples Utah Bancorp by 14.4% in the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after purchasing an additional 28,411 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 worth $326,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Peoples Utah Bancorp by 31.3% in the third quarter. Sei Investments Co. now owns 33,511 shares of the bank’s stock worth $1,087,000 after purchasing an additional 7,991 shares in the last quarter. 34.82% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on PUB shares. BidaskClub raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research note on Wednesday, December 27th. ValuEngine cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Raymond James Financial started coverage on Peoples Utah Bancorp in a research note on Wednesday, January 17th. They set an “outperform” rating and a $35.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Peoples Utah Bancorp presently has a consensus rating of “Hold” and a consensus price target of $35.00.

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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.

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

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