Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough Sells 1,375 Shares

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Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $34.97, for a total value of $48,083.75. Following the transaction, the director now directly owns 42,786 shares in the company, valued at approximately $1,496,226.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of PUB stock opened at $31.96 on Friday. Peoples Utah Bancorp has a 1 year low of $29.05 and a 1 year high of $38.70. The firm has a market cap of $635.06 million, a PE ratio of 20.89, a PEG ratio of 2.01 and a beta of 0.89.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the 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 return on equity of 13.24% and a net margin of 22.22%. Sell-side analysts predict that Peoples Utah Bancorp will post 2.11 earnings per share for the current year.

PUB has been the topic of several recent research reports. BidaskClub downgraded Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Zacks Investment Research cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Raymond James cut Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 2nd. Finally, ValuEngine cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PUB. Wasatch Advisors Inc. boosted its stake in shares of Peoples Utah Bancorp by 69.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 489,856 shares of the bank’s stock worth $17,488,000 after acquiring an additional 200,720 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Peoples Utah Bancorp by 19.3% during the 2nd quarter. BlackRock Inc. now owns 836,720 shares of the bank’s stock worth $29,871,000 after acquiring an additional 135,456 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Peoples Utah Bancorp by 25.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 343,492 shares of the bank’s stock worth $12,263,000 after acquiring an additional 70,210 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Peoples Utah Bancorp by 19.6% during the 2nd quarter. Northern Trust Corp now owns 192,245 shares of the bank’s stock worth $6,862,000 after acquiring an additional 31,522 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new stake in shares of Peoples Utah Bancorp during the 1st quarter worth $821,000. 38.71% of the stock is owned by institutional investors and hedge funds.

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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