Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 3,750 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $27.53, for a total transaction of $103,237.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
PUB stock opened at $27.88 on Friday. The company’s 50-day simple moving average is $28.63 and its 200-day simple moving average is $28.72. Peoples Utah Bancorp has a 52-week low of $25.18 and a 52-week high of $31.34. The firm has a market cap of $525.82 million, a P/E ratio of 11.97 and a beta of 0.70.
Peoples Utah Bancorp (NASDAQ:PUB) last posted its earnings results on Tuesday, January 28th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Peoples Utah Bancorp had a net margin of 33.02% and a return on equity of 14.19%. The business had revenue of $30.88 million for the quarter, compared to analyst estimates of $32.15 million. On average, research analysts expect that Peoples Utah Bancorp will post 2.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Peoples Utah Bancorp’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is currently 24.03%.
A number of institutional investors have recently modified their holdings of PUB. Dupont Capital Management Corp lifted its stake in Peoples Utah Bancorp by 7.4% in the 3rd quarter. Dupont Capital Management Corp now owns 18,081 shares of the bank’s stock worth $512,000 after purchasing an additional 1,245 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Peoples Utah Bancorp by 37.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 25,503 shares of the bank’s stock worth $768,000 after purchasing an additional 7,004 shares in the last quarter. Zebra Capital Management LLC purchased a new position in Peoples Utah Bancorp in the 3rd quarter worth approximately $280,000. State Street Corp lifted its stake in Peoples Utah Bancorp by 2.2% in the 3rd quarter. State Street Corp now owns 305,649 shares of the bank’s stock worth $8,647,000 after purchasing an additional 6,483 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Peoples Utah Bancorp by 62.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 28,865 shares of the bank’s stock worth $817,000 after purchasing an additional 11,122 shares in the last quarter. 39.46% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on PUB shares. BidaskClub lowered shares of Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target 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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