People’s Utah Bancorp (PUB) Director Sells $64,080.00 in Stock

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $32.04, for a total transaction of $64,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ PUB traded up $0.10 during trading on Wednesday, reaching $32.30. The company had a trading volume of 9,186 shares, compared to its average volume of 25,697. People’s Utah Bancorp has a 52 week low of $24.63 and a 52 week high of $33.90. The company has a market cap of $612.52, a PE ratio of 21.21, a P/E/G ratio of 2.03 and a beta of 0.87.

People’s Utah Bancorp (NASDAQ:PUB) last announced its earnings results on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. People’s Utah Bancorp had a net margin of 19.74% and a return on equity of 11.46%. The company had revenue of $28.47 million during the quarter, compared to the consensus estimate of $27.39 million. research analysts expect that People’s Utah Bancorp will post 2.02 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in shares of People’s Utah Bancorp in the fourth quarter worth about $212,000. Crewe Advisors LLC bought a new position in shares of People’s Utah Bancorp in the fourth quarter worth about $303,000. Cardinal Capital Management LLC CT raised its stake in shares of People’s Utah Bancorp by 25.6% in the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock worth $327,000 after acquiring an additional 2,200 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of People’s Utah Bancorp by 15.9% in the third quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock worth $408,000 after acquiring an additional 2,047 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of People’s Utah Bancorp by 48.5% in the third quarter. New York State Common Retirement Fund now owns 19,899 shares of the bank’s stock worth $646,000 after acquiring an additional 6,499 shares during the last quarter. 34.29% of the stock is owned by institutional investors.

PUB has been the topic of a number of recent analyst reports. BidaskClub lowered shares of People’s Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Raymond James initiated coverage on shares of People’s Utah Bancorp in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 target price for the company. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. People’s Utah Bancorp presently has a consensus rating of “Hold” and a consensus target price of $35.00.

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About People’s 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.

Insider Buying and Selling by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

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