Insider Selling: Peoples Utah Bancorp (PUB) Director Sells 1,375 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction on 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 can be accessed through the SEC website.

PUB traded down $0.40 during trading hours on Wednesday, reaching $34.60. 178 shares of the stock traded hands, compared to its average volume of 24,536. The firm has a market cap of $652.83 million, a price-to-earnings ratio of 22.61, a PEG 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 released its quarterly earnings results on Thursday, July 26th. The bank reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $31.04 million during the quarter, compared to analyst estimates of $30.79 million. Peoples Utah Bancorp had a net margin of 22.22% and a return on equity of 13.24%. analysts forecast that Peoples Utah Bancorp will post 2.11 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Peoples Utah Bancorp by 4.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 36,856 shares of the bank’s stock valued at $1,316,000 after acquiring an additional 1,600 shares during the last quarter. Rhumbline Advisers boosted its stake in Peoples Utah Bancorp by 14.3% during the 2nd quarter. Rhumbline Advisers now owns 14,076 shares of the bank’s stock valued at $503,000 after acquiring an additional 1,758 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Peoples Utah Bancorp by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 22,560 shares of the bank’s stock valued at $728,000 after acquiring an additional 1,842 shares during the last quarter. Globeflex Capital L P boosted its stake in Peoples Utah Bancorp by 17.9% during the 2nd quarter. Globeflex Capital L P now owns 14,500 shares of the bank’s stock valued at $518,000 after acquiring an additional 2,200 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Peoples Utah Bancorp by 13.0% during the 1st quarter. New York State Common Retirement Fund now owns 22,432 shares of the bank’s stock valued at $725,000 after acquiring an additional 2,583 shares during the last quarter. 38.71% of the stock is owned by institutional investors and hedge funds.

PUB has been the subject of a number of recent analyst reports. BidaskClub raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Raymond James lowered shares of Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, August 2nd. Finally, ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th.

Peoples Utah Bancorp Company Profile

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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