Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $30.17, for a total transaction of $60,340.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Peoples Utah Bancorp (NASDAQ:PUB) traded up $0.10 during trading hours on Wednesday, hitting $30.45. 16,163 shares of the stock were exchanged, compared to its average volume of 21,050. Peoples Utah Bancorp has a fifty-two week low of $23.95 and a fifty-two week high of $33.60. The firm has a market cap of $546.18, a PE ratio of 21.60, a PEG ratio of 2.06 and a beta of 0.98.
A number of research firms have recently weighed in on PUB. BidaskClub cut shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research note on Wednesday, December 27th.
Several large investors have recently bought and sold shares of PUB. SG Americas Securities LLC acquired a new position in shares of Peoples Utah Bancorp during the 2nd quarter worth $163,000. Macquarie Group Ltd. acquired a new stake in Peoples Utah Bancorp in the 3rd quarter valued at about $182,000. Alliancebernstein L.P. acquired a new stake in Peoples Utah Bancorp in the 2nd quarter valued at about $247,000. OxFORD Asset Management LLP acquired a new stake in Peoples Utah Bancorp in the 2nd quarter valued at about $264,000. Finally, The Manufacturers Life Insurance Company grew its stake in 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 valued at $326,000 after acquiring an additional 1,156 shares during the last quarter. 31.82% of the stock is currently owned by institutional investors and hedge funds.
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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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