People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 4,810 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $31.32, for a total value of $150,649.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of People’s Utah Bancorp (PUB) opened at $30.30 on Friday. The stock has a market cap of $546.19, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. People’s Utah Bancorp has a 12 month low of $22.80 and a 12 month high of $33.60.
The company also recently disclosed 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 1.19%. The ex-dividend date of this dividend was Friday, November 3rd. People’s Utah Bancorp’s payout ratio is currently 25.53%.
Several research analysts recently commented on the company. Zacks Investment Research lowered People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine lowered People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new stake in People’s Utah Bancorp in the third quarter worth about $182,000. SG Americas Securities LLC bought a new stake in People’s Utah Bancorp in the second quarter worth about $163,000. American International Group Inc. lifted its stake in People’s Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after purchasing an additional 533 shares during the last quarter. California Public Employees Retirement System bought a new stake in People’s Utah Bancorp in the first quarter worth about $243,000. Finally, Alliancebernstein L.P. bought a new stake in People’s Utah Bancorp in the second quarter worth about $247,000. 31.43% of the stock is owned by institutional investors and hedge funds.
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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.
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