Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $29.62, for a total value of $40,727.50. Following the completion of the transaction, the director now directly owns 13,911 shares in the company, valued at $412,043.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
PUB stock opened at $29.62 on Friday. The firm has a market cap of $542.99 million, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.59 and a beta of 0.63. Peoples Utah Bancorp has a 12-month low of $25.18 and a 12-month high of $36.85. The firm’s 50 day moving average price is $29.19.
Peoples Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.94 million. Peoples Utah Bancorp had a return on equity of 14.62% and a net margin of 31.96%. On average, research analysts forecast that Peoples Utah Bancorp will post 2.27 earnings per share for the current year.
A number of brokerages have issued reports on PUB. Sandler O’Neill raised Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. BidaskClub raised Winmark from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, FIG Partners reissued an “outperform” rating on shares of Sterling Bancorp in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Peoples Utah Bancorp currently has an average rating of “Hold” and an average price target of $32.00.
Several hedge funds have recently bought and sold shares of PUB. Advisor Group Inc. bought a new position in Peoples Utah Bancorp during the 4th quarter worth $45,000. Crewe Advisors LLC bought a new position in Peoples Utah Bancorp during the 1st quarter worth $53,000. Marshall Wace North America L.P. bought a new position in Peoples Utah Bancorp during the 1st quarter worth $58,000. Marshall Wace LLP bought a new position in Peoples Utah Bancorp during the 1st quarter worth $80,000. Finally, BNP Paribas Arbitrage SA grew its stake in Peoples Utah Bancorp by 107,166.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,218 shares of the bank’s stock worth $85,000 after buying an additional 3,215 shares during the last quarter. 37.51% of the stock is currently owned by institutional investors and hedge funds.
About Peoples Utah Bancorp
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.
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