Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of Peoples Utah Bancorp stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $29.30, for a total value of $40,287.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NASDAQ PUB traded down $0.24 during trading on Friday, reaching $29.93. 161 shares of the company traded hands, compared to its average volume of 12,900. The company has a market capitalization of $573.00 million, a price-to-earnings ratio of 20.07, a PEG ratio of 1.80 and a beta of 0.79. Peoples Utah Bancorp has a 1-year low of $28.89 and a 1-year high of $38.70.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $30.98 million for the quarter, compared to the consensus estimate of $30.60 million. Peoples Utah Bancorp had a return on equity of 14.14% and a net margin of 24.05%. Equities analysts expect that Peoples Utah Bancorp will post 2.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Tuesday, November 6th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, November 5th. Peoples Utah Bancorp’s payout ratio is 28.76%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank raised its stake in shares of Peoples Utah Bancorp by 15.9% in the second quarter. Swiss National Bank now owns 29,100 shares of the bank’s stock valued at $1,039,000 after acquiring an additional 4,000 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Peoples Utah Bancorp by 13.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 34,181 shares of the bank’s stock valued at $1,221,000 after acquiring an additional 4,000 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Peoples Utah Bancorp in the second quarter valued at approximately $254,000. Wasatch Advisors Inc. raised its stake in shares of Peoples Utah Bancorp by 69.4% in the second quarter. Wasatch Advisors Inc. now owns 489,856 shares of the bank’s stock valued at $17,488,000 after acquiring an additional 200,720 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Peoples Utah Bancorp by 25.3% in the second quarter. First Trust Advisors LP now owns 26,403 shares of the bank’s stock valued at $943,000 after acquiring an additional 5,323 shares during the last quarter. 38.01% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on PUB. BidaskClub downgraded Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, October 30th.
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Peoples Utah Bancorp Company Profile
People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.
Further Reading: Buyback
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