People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $27.26, for a total transaction of $46,342.00. Following the completion of the transaction, the director now directly owns 41,260 shares of the company’s stock, valued at $1,124,747.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of People’s Utah Bancorp (PUB) traded down 2.36% during mid-day trading on Thursday, hitting $26.85. 62,551 shares of the stock were exchanged. The stock has a market cap of $482.17 million, a price-to-earnings ratio of 19.04 and a beta of 0.98. People’s Utah Bancorp has a 12 month low of $18.49 and a 12 month high of $29.35. The company has a 50-day moving average price of $27.26 and a 200-day moving average price of $26.62.

People’s Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $23.33 million during the quarter, compared to analysts’ expectations of $22.80 million. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. Equities analysts expect that People’s Utah Bancorp will post $1.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from People’s Utah Bancorp’s previous quarterly dividend of $0.08. People’s Utah Bancorp’s dividend payout ratio (DPR) is presently 25.53%.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of People’s Utah Bancorp by 13.9% during the 1st quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock worth $1,489,000 after acquiring an additional 6,884 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of People’s Utah Bancorp by 84.9% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 10,726 shares of the bank’s stock worth $282,000 after acquiring an additional 4,926 shares in the last quarter. First Trust Advisors LP raised its position in shares of People’s Utah Bancorp by 9.4% during the 1st quarter. First Trust Advisors LP now owns 32,843 shares of the bank’s stock worth $869,000 after acquiring an additional 2,823 shares in the last quarter. Context BH Capital Management LP raised its position in shares of People’s Utah Bancorp by 2.7% during the 1st quarter. Context BH Capital Management LP now owns 52,283 shares of the bank’s stock worth $1,383,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of People’s Utah Bancorp by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock worth $3,495,000 after acquiring an additional 4,494 shares in the last quarter. Institutional investors and hedge funds own 31.14% of the company’s stock.

Several research firms have commented on PUB. BidaskClub raised shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. ValuEngine raised shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. 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 equities 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’s stock. The company presently has an average rating of “Hold” and an average target price of $26.00.

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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