Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $32.61, for a total value of $65,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of PUB opened at $31.90 on Friday. Peoples Utah Bancorp has a 12 month low of $24.63 and a 12 month high of $33.90. The firm has a market cap of $603.79, a P/E ratio of 21.46, a P/E/G ratio of 2.00 and a beta of 0.87.
Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The business had revenue of $28.47 million during the quarter, compared to analyst estimates of $27.39 million. Peoples Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. analysts anticipate that Peoples Utah Bancorp will post 2.02 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in Peoples Utah Bancorp during the 3rd quarter valued at approximately $182,000. MetLife Investment Advisors LLC bought a new stake in shares of Peoples Utah Bancorp in the 4th quarter worth approximately $212,000. Crewe Advisors LLC bought a new stake in shares of Peoples Utah Bancorp in the 4th quarter worth approximately $303,000. Cardinal Capital Management LLC CT raised its holdings in shares of Peoples Utah Bancorp by 25.6% in the 4th quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock worth $327,000 after buying an additional 2,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Peoples Utah Bancorp by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock worth $326,000 after buying an additional 1,156 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.
PUB has been the subject of a number of research analyst reports. BidaskClub upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research upgraded Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a report on Wednesday, December 27th. Finally, Raymond James Financial started coverage on Peoples Utah Bancorp in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 price objective on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Peoples Utah Bancorp has an average rating of “Hold” and a consensus target price of $35.00.
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About Peoples 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.
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