Insider Selling: People’s Utah Bancorp (PUB) Director Sells 2,000 Shares of Stock

People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,000 shares of People’s Utah Bancorp stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $32.89, for a total transaction of $65,780.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

People’s Utah Bancorp (PUB) traded down 1.37% during mid-day trading on Thursday, hitting $32.35. 9,834 shares of the stock were exchanged. The company has a 50-day moving average price of $30.91 and a 200-day moving average price of $30.91. The company has a market cap of $580.94 million, a P/E ratio of 22.94 and a beta of 1.05. People’s Utah Bancorp has a one year low of $19.17 and a one year high of $33.60.

People’s Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. The company had revenue of $23.33 million during the quarter, compared to analyst estimates of $22.80 million. On average, analysts predict that People’s Utah Bancorp will post $1.46 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of People’s Utah Bancorp by 2.8% during the second quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock worth $15,193,000 after buying an additional 15,655 shares during the last quarter. State Street Corp lifted its holdings in shares of People’s Utah Bancorp by 14.4% during the second quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after buying an additional 28,411 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of People’s Utah Bancorp by 11.7% during the second quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock worth $4,253,000 after buying an additional 16,657 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of People’s Utah Bancorp by 3.5% during the first quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock worth $3,495,000 after buying an additional 4,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of People’s Utah Bancorp by 42.9% during the second quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock worth $3,476,000 after buying an additional 38,923 shares during the last quarter. Institutional investors own 31.14% of the company’s stock.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, ValuEngine lowered shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

People’s 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.

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

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