Peoples Utah Bancorp (NASDAQ:PUB) insider Rick W. Anderson sold 4,707 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $32.57, for a total transaction of $153,306.99. Following the transaction, the insider now directly owns 9,293 shares in the company, valued at $302,673.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Peoples Utah Bancorp (PUB) traded down $0.50 during midday trading on Wednesday, reaching $32.45. 53,993 shares of the company were exchanged, compared to its average volume of 28,029. The firm has a market cap of $600.71 and a PE ratio of 30.05. Peoples Utah Bancorp has a 12-month low of $24.63 and a 12-month high of $33.90.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $28.47 million for the quarter, compared to analysts’ expectations of $27.39 million. Peoples Utah Bancorp had a net margin of 19.74% and a return on equity of 11.67%. sell-side analysts anticipate that Peoples Utah Bancorp will post 2.02 EPS for the current year.
A number of equities analysts have recently weighed in on PUB shares. ValuEngine cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research note on Wednesday, December 27th. BidaskClub cut shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Raymond James Financial started coverage on shares of Peoples Utah Bancorp in a research note on Wednesday, January 17th. They set an “outperform” rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new stake in Peoples Utah Bancorp in the 3rd quarter valued at about $182,000. MetLife Investment Advisors LLC acquired a new stake in Peoples Utah Bancorp in the 4th quarter valued at about $212,000. Crewe Advisors LLC acquired a new stake in Peoples Utah Bancorp in the 4th quarter valued at about $303,000. The Manufacturers Life Insurance Company grew its stake in Peoples Utah Bancorp by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Cardinal Capital Management LLC CT grew its stake in Peoples Utah Bancorp by 25.6% in the 4th quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock valued at $327,000 after acquiring an additional 2,200 shares during the last quarter. 34.94% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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