Peoples Utah Bancorp (PUB) to Issue Quarterly Dividend of $0.09

Peoples Utah Bancorp (NASDAQ:PUB) declared a quarterly dividend on Wednesday, January 24th, NASDAQ reports. Shareholders of record on Monday, February 5th will be paid a dividend of 0.09 per share by the bank on Monday, February 12th. This represents a $0.36 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 2nd.

Peoples Utah Bancorp (NASDAQ:PUB) opened at $31.90 on Friday. The firm has a market cap of $575.83 and a P/E ratio of 29.54. Peoples Utah Bancorp has a 12-month low of $23.95 and a 12-month high of $33.90.

Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Peoples Utah Bancorp had a net margin of 19.74% and a return on equity of 11.67%. research analysts predict that Peoples Utah Bancorp will post 1.88 EPS for the current fiscal year.

In related news, CFO Wolfgang T. N. Muelleck sold 6,231 shares of Peoples Utah Bancorp stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.07, for a total value of $187,366.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Wolfgang T. N. Muelleck sold 18,769 shares of Peoples Utah Bancorp stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $30.60, for a total transaction of $574,331.40. The disclosure for this sale can be found here. Insiders have sold 71,800 shares of company stock worth $2,198,537 in the last quarter. Insiders own 25.21% of the company’s stock.

A number of analysts have recently issued reports on PUB shares. BidaskClub lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Raymond James Financial started coverage on shares of Peoples Utah Bancorp in a research note on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $35.00.

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Peoples 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.

Dividend History for Peoples Utah Bancorp (NASDAQ:PUB)

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