People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 44,885 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $27.12, for a total transaction of $1,217,281.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

People’s Utah Bancorp (NASDAQ PUB) traded down 0.56% during trading on Friday, hitting $26.70. 13,498 shares of the stock traded hands. The company has a market cap of $479.48 million, a P/E ratio of 18.94 and a beta of 0.98. The firm has a 50-day moving average price of $27.26 and a 200 day moving average price of $26.62. People’s Utah Bancorp has a 52-week low of $18.49 and a 52-week high of $29.35.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, topping 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 firm had revenue of $23.33 million for the quarter, compared to analysts’ expectations of $22.80 million. On average, equities analysts expect that People’s Utah Bancorp will post $1.46 EPS for the current year.

The firm 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 1.35%. 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 is 25.53%.

COPYRIGHT VIOLATION NOTICE: This article was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/09/08/peoples-utah-bancorp-pub-director-jr-fred-w-fairclough-sells-44885-shares.html.

PUB has been the subject of a number of research analyst reports. BidaskClub upgraded shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th. TheStreet upgraded shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th. Finally, ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its holdings in People’s Utah Bancorp by 2.8% in the 1st quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after acquiring an additional 232 shares in the last quarter. American International Group Inc. increased its holdings in People’s Utah Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after acquiring an additional 533 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in People’s Utah Bancorp by 1.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,302 shares of the bank’s stock worth $973,000 after acquiring an additional 558 shares in the last quarter. Rhumbline Advisers increased its holdings in People’s Utah Bancorp by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 15,041 shares of the bank’s stock worth $403,000 after acquiring an additional 915 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in People’s Utah Bancorp by 4.5% in the 2nd quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock worth $608,000 after acquiring an additional 987 shares in the last quarter. 31.14% of the stock is 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.

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

Receive News & Ratings for People's Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's Utah Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.