Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 3,750 shares of Peoples Utah Bancorp stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $27.53, for a total value of $103,237.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of PUB opened at $27.88 on Friday. Peoples Utah Bancorp has a one year low of $25.18 and a one year high of $31.34. The firm has a market capitalization of $525.82 million, a P/E ratio of 11.97 and a beta of 0.70. The business has a fifty day moving average of $28.63 and a 200 day moving average of $28.72.
Peoples Utah Bancorp (NASDAQ:PUB) last released its earnings results on Tuesday, January 28th. The bank reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The company had revenue of $30.88 million for the quarter, compared to the consensus estimate of $32.15 million. Peoples Utah Bancorp had a return on equity of 14.19% and a net margin of 33.02%. On average, research analysts anticipate that Peoples Utah Bancorp will post 2.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Peoples Utah Bancorp’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 2.01%. Peoples Utah Bancorp’s payout ratio is 24.03%.
Several brokerages recently commented on PUB. Zacks Investment Research lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 1st. BidaskClub lowered Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUB. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Peoples Utah Bancorp by 117.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 31,279 shares of the bank’s stock valued at $942,000 after purchasing an additional 16,888 shares during the period. Bank of New York Mellon Corp lifted its holdings in Peoples Utah Bancorp by 36.4% during the fourth quarter. Bank of New York Mellon Corp now owns 112,245 shares of the bank’s stock worth $3,380,000 after buying an additional 29,937 shares during the period. UBS Group AG lifted its holdings in Peoples Utah Bancorp by 40.3% during the fourth quarter. UBS Group AG now owns 23,689 shares of the bank’s stock worth $713,000 after buying an additional 6,810 shares during the period. BEAM Asset Management LLC purchased a new stake in Peoples Utah Bancorp during the fourth quarter worth $1,203,000. Finally, Renaissance Technologies LLC lifted its holdings in Peoples Utah Bancorp by 23.4% during the fourth quarter. Renaissance Technologies LLC now owns 236,240 shares of the bank’s stock worth $7,116,000 after buying an additional 44,840 shares during the period. Institutional investors own 39.46% of the company’s stock.
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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