People’s Utah Bancorp (NASDAQ:PUB) CEO Richard T. Beard sold 25,951 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $27.50, for a total transaction of $713,652.50. Following the completion of the sale, the chief executive officer now directly owns 137,729 shares in the company, valued at approximately $3,787,547.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of People’s Utah Bancorp (NASDAQ:PUB) traded up 0.93% during mid-day trading on Wednesday, hitting $27.00. 10,966 shares of the company traded hands. People’s Utah Bancorp has a 1-year low of $18.49 and a 1-year high of $29.35. The firm’s 50 day moving average price is $27.22 and its 200-day moving average price is $26.43. The stock has a market capitalization of $484.87 million, a PE ratio of 19.15 and a beta of 0.97.

People’s Utah Bancorp (NASDAQ:PUB) last released its earnings results on Friday, July 28th. The bank reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. The company had revenue of $23.33 million for the quarter, compared to analyst estimates of $22.80 million. On average, equities research analysts forecast that People’s Utah Bancorp will post $1.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.36 annualized dividend and a dividend yield of 1.33%. This is a positive change from People’s Utah Bancorp’s previous quarterly dividend of $0.08. People’s Utah Bancorp’s dividend payout ratio (DPR) is currently 25.53%.

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PUB has been the topic of several analyst reports. ValuEngine raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Saturday, April 29th. BidaskClub raised shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TheStreet raised shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. People’s Utah Bancorp presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of People’s Utah Bancorp by 2.8% in the second quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after buying an additional 15,655 shares during the period. State Street Corp raised its stake in shares of People’s 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 buying an additional 28,411 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of People’s Utah Bancorp during the first quarter worth about $5,708,000. Northern Trust Corp raised its stake in shares of People’s 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 buying an additional 16,657 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of People’s Utah Bancorp by 2.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 148,761 shares of the bank’s stock worth $3,935,000 after buying an additional 2,936 shares during the period. 28.98% of the stock is currently owned by institutional investors.

People’s Utah Bancorp Company Profile

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.

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