People’s Utah Bancorp (PUB) Director Jr. Fred W. Fairclough Sells 2,000 Shares

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $32.54, for a total value of $65,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of People’s Utah Bancorp (NASDAQ:PUB) opened at $30.35 on Tuesday. The firm has a market capitalization of $539.87, a P/E ratio of 20.80, a PEG ratio of 2.61 and a beta of 1.00. People’s Utah Bancorp has a 1 year low of $21.80 and a 1 year high of $33.60.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, November 3rd. People’s Utah Bancorp’s payout ratio is 25.53%.

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Several brokerages have issued reports on PUB. BidaskClub cut People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine cut People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th.

Several institutional investors have recently made changes to their positions in PUB. Bank of New York Mellon Corp grew its holdings in People’s Utah Bancorp by 13.9% in the 1st quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock worth $1,489,000 after buying an additional 6,884 shares in the last quarter. American International Group Inc. grew its holdings in People’s Utah Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after buying an additional 533 shares in the last quarter. California Public Employees Retirement System bought a new position in People’s Utah Bancorp in the 1st quarter worth approximately $243,000. Vanguard Group Inc. grew its holdings in People’s Utah Bancorp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock worth $14,580,000 after buying an additional 23,437 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in People’s Utah Bancorp by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock worth $3,495,000 after buying an additional 4,494 shares in the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

People’s 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 People`s Utah Bancorp (NASDAQ:PUB)

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