People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.45, for a total transaction of $51,765.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

People’s Utah Bancorp (PUB) traded down $0.65 during trading on Friday, reaching $31.50. 26,000 shares of the company were exchanged, compared to its average volume of 26,345. People’s Utah Bancorp has a 52-week low of $22.95 and a 52-week high of $33.60. The stock has a market capitalization of $547.08, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00.

The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a $0.09 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.14%. People’s Utah Bancorp’s payout ratio is 25.53%.

A number of institutional investors have recently added to or reduced their stakes in the stock. John W. Rosenthal Capital Management Inc. purchased a new stake in People’s Utah Bancorp during the third quarter worth approximately $2,596,000. California Public Employees Retirement System purchased a new stake in People’s Utah Bancorp during the first quarter worth approximately $243,000. Schwab Charles Investment Management Inc. grew its stake in People’s Utah Bancorp by 40.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock worth $665,000 after buying an additional 7,200 shares during the period. Vanguard Group Inc. grew its stake in People’s Utah Bancorp by 4.4% during the first quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock worth $14,580,000 after buying an additional 23,437 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in People’s Utah Bancorp by 47.8% during the first quarter. Dimensional Fund Advisors LP now owns 90,785 shares of the bank’s stock worth $2,401,000 after buying an additional 29,340 shares during the period. Hedge funds and other institutional investors own 31.81% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. BidaskClub lowered shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, ValuEngine downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

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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)

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