Jr. Fred W. Fairclough Sells 2,700 Shares of Peoples Utah Bancorp (NASDAQ:PUB) Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 2,700 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $30.41, for a total transaction of $82,107.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peoples Utah Bancorp (NASDAQ:PUB) traded down $1.05 on Wednesday, reaching $30.45. 15,500 shares of the company traded hands, compared to its average volume of 26,159. The stock has a market capitalization of $567.81, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. Peoples Utah Bancorp has a 52 week low of $23.95 and a 52 week high of $33.60.

The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.36 annualized dividend and a yield of 1.18%. Peoples Utah Bancorp’s payout ratio is 25.53%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Peoples Utah Bancorp during the second quarter valued at $163,000. Macquarie Group Ltd. bought a new position in Peoples Utah Bancorp during the third quarter valued at $182,000. American International Group Inc. lifted its position in Peoples Utah Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after purchasing an additional 533 shares during the last quarter. California Public Employees Retirement System bought a new position in Peoples Utah Bancorp during the first quarter valued at $243,000. Finally, Alliancebernstein L.P. bought a new position in Peoples Utah Bancorp during the second quarter valued at $247,000. 31.82% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st.

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About Peoples Utah Bancorp

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 Peoples Utah Bancorp (NASDAQ:PUB)

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