People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $32.12, for a total value of $64,240.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

People’s Utah Bancorp (PUB) traded down 2.60% on Thursday, hitting $31.85. The stock had a trading volume of 48,693 shares. People’s Utah Bancorp has a 12 month low of $19.25 and a 12 month high of $33.60. The company has a market cap of $571.96 million, a PE ratio of 22.59 and a beta of 1.05. The company has a 50-day moving average of $31.08 and a 200 day moving average of $27.83.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. On average, analysts predict that People’s Utah Bancorp will post $1.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, November 3rd. People’s Utah Bancorp’s payout ratio is 25.53%.

WARNING: This article was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/26/peoples-utah-bancorp-pub-director-jr-fred-w-fairclough-sells-2000-shares.html.

Several institutional investors and hedge funds have recently modified their holdings of PUB. Nationwide Fund Advisors increased its position in shares of People’s Utah Bancorp by 2.8% during the first quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after purchasing an additional 232 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of People’s Utah Bancorp by 13.9% during the first quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock worth $1,489,000 after purchasing an additional 6,884 shares in the last quarter. American International Group Inc. increased its position in shares of People’s Utah Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after purchasing an additional 533 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of People’s Utah Bancorp by 84.9% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 10,726 shares of the bank’s stock worth $282,000 after purchasing an additional 4,926 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of People’s Utah Bancorp during the first quarter worth approximately $243,000. Hedge funds and other institutional investors own 31.03% of the company’s stock.

A number of research analysts have recently commented on PUB shares. BidaskClub downgraded People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. ValuEngine downgraded People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.

About People’s Utah Bancorp

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.