Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $30.86, for a total value of $52,462.00. Following the transaction, the director now directly owns 82,576 shares in the company, valued at $2,548,295.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Peoples Utah Bancorp (NASDAQ:PUB) opened at $31.50 on Tuesday. Peoples Utah Bancorp has a one year low of $23.38 and a one year high of $33.60. The firm has a market cap of $565.11, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.73 and a beta of 0.98.
The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, November 3rd. Peoples Utah Bancorp’s payout ratio is currently 25.53%.
Several research firms have recently issued reports on PUB. ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st.
A number of hedge funds have recently made changes to their positions in PUB. Davis Capital Partners LLC increased its holdings in shares of Peoples Utah Bancorp by 68.7% in the 3rd quarter. Davis Capital Partners LLC now owns 411,307 shares of the bank’s stock worth $13,346,000 after buying an additional 167,536 shares during the last quarter. John W. Rosenthal Capital Management Inc. bought a new stake in shares of Peoples Utah Bancorp in the 3rd quarter worth about $2,596,000. Dimensional Fund Advisors LP grew its holdings in Peoples Utah Bancorp by 42.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock valued at $3,476,000 after purchasing an additional 38,923 shares during the last quarter. State Street Corp grew its holdings in Peoples Utah Bancorp by 14.4% during the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock valued at $6,036,000 after purchasing an additional 28,411 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Peoples Utah Bancorp during the 3rd quarter valued at about $785,000. Institutional investors and hedge funds own 31.82% of the company’s stock.
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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.
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