Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $28.45, for a total transaction of $106,687.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ PUB opened at $29.34 on Tuesday. The firm has a market capitalization of $541.85 million, a PE ratio of 13.71 and a beta of 0.69. Peoples Utah Bancorp has a 1 year low of $25.18 and a 1 year high of $33.94. The firm’s 50-day moving average is $28.51 and its 200-day moving average is $28.60.
Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Peoples Utah Bancorp had a return on equity of 14.37% and a net margin of 32.15%. The firm had revenue of $32.66 million for the quarter, compared to the consensus estimate of $31.45 million. As a group, equities research analysts expect that Peoples Utah Bancorp will post 2.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 1st. Peoples Utah Bancorp’s payout ratio is 24.30%.
A number of institutional investors have recently added to or reduced their stakes in PUB. Marshall Wace LLP bought a new position in Peoples Utah Bancorp during the 1st quarter worth approximately $80,000. Marshall Wace North America L.P. bought a new position in Peoples Utah Bancorp during the 1st quarter worth approximately $58,000. Bessemer Group Inc. bought a new position in Peoples Utah Bancorp during the 2nd quarter worth approximately $379,000. AE Wealth Management LLC bought a new position in Peoples Utah Bancorp during the 2nd quarter worth approximately $570,000. Finally, Dupont Capital Management Corp bought a new position in Peoples Utah Bancorp during the 2nd quarter worth approximately $495,000. 37.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the stock. BidaskClub raised shares of Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 23rd. ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Peoples Utah Bancorp in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.50.
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.
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