Insider Selling: Peoples Utah Bancorp (PUB) Director Sells 1,700 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $30.47, for a total transaction of $51,799.00. Following the sale, the director now directly owns 70,676 shares in the company, valued at approximately $2,153,497.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Peoples Utah Bancorp (NASDAQ:PUB) opened at $30.90 on Thursday. Peoples Utah Bancorp has a 1 year low of $24.60 and a 1 year high of $33.90. The stock has a market cap of $556.90 and a P/E ratio of 28.61.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Monday, February 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is 33.33%.

A number of large investors have recently bought and sold shares of PUB. Macquarie Group Ltd. purchased a new position in Peoples Utah Bancorp in the 3rd quarter valued at $182,000. Alliancebernstein L.P. acquired a new stake in Peoples Utah Bancorp in the second quarter valued at $247,000. OxFORD Asset Management LLP acquired a new stake in Peoples Utah Bancorp in the second quarter valued at $264,000. The Manufacturers Life Insurance Company lifted its holdings in Peoples Utah Bancorp by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after acquiring an additional 1,156 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Peoples Utah Bancorp by 15.9% in the third quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock valued at $408,000 after acquiring an additional 2,047 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

A number of brokerages have recently issued reports on PUB. BidaskClub lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Raymond James Financial began coverage on shares of Peoples Utah Bancorp in a research report on Wednesday, January 17th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average 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.

Insider Buying and Selling by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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