People’s Utah Bancorp (PUB) Director Jr. Fred W. Fairclough Sells 1,700 Shares

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $32.13, for a total value of $54,621.00. Following the completion of the transaction, the director now owns 56,176 shares of the company’s stock, valued at $1,804,934.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of PUB traded up $0.25 on Thursday, hitting $32.35. The company’s stock had a trading volume of 1,048 shares, compared to its average volume of 26,208. People’s Utah Bancorp has a fifty-two week low of $24.63 and a fifty-two week high of $33.90. The firm has a market capitalization of $602.24, a PE ratio of 21.36, a P/E/G ratio of 1.99 and a beta of 0.87.

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People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. People’s Utah Bancorp had a return on equity of 11.46% and a net margin of 19.74%. The business had revenue of $28.47 million during the quarter, compared to analyst estimates of $27.39 million. research analysts anticipate that People’s Utah Bancorp will post 2.02 EPS for the current fiscal year.

Several brokerages recently issued reports on PUB. BidaskClub lowered People’s Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded People’s Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Raymond James began coverage on People’s Utah Bancorp in a research report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in People’s Utah Bancorp by 3.7% in the 4th quarter. BlackRock Inc. now owns 691,658 shares of the bank’s stock valued at $20,957,000 after acquiring an additional 24,847 shares in the last quarter. Davis Capital Partners LLC lifted its stake in People’s Utah Bancorp by 31.0% in the 4th quarter. Davis Capital Partners LLC now owns 538,846 shares of the bank’s stock valued at $16,327,000 after acquiring an additional 127,539 shares in the last quarter. Forest Hill Capital LLC lifted its stake in People’s Utah Bancorp by 0.6% in the 4th quarter. Forest Hill Capital LLC now owns 416,589 shares of the bank’s stock valued at $12,623,000 after acquiring an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in People’s Utah Bancorp by 29.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the bank’s stock valued at $5,455,000 after acquiring an additional 38,397 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in People’s Utah Bancorp by 3.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 135,641 shares of the bank’s stock valued at $4,110,000 after acquiring an additional 4,370 shares in the last quarter. Hedge funds and other institutional investors own 34.52% of the company’s stock.

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People’s 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.

Insider Buying and Selling by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

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