Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $30.14, for a total value of $51,238.00. Following the sale, the director now directly owns 75,776 shares of the company’s stock, valued at $2,283,888.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peoples Utah Bancorp (PUB) opened at $31.80 on Friday. Peoples Utah Bancorp has a 52-week low of $23.95 and a 52-week high of $33.60. The firm has a market capitalization of $574.12, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.17 and a beta of 0.98.
Hedge funds have recently modified their holdings of the business. John W. Rosenthal Capital Management Inc. acquired a new position in Peoples Utah Bancorp in the 3rd quarter worth about $2,596,000. California Public Employees Retirement System acquired a new position in Peoples Utah Bancorp in the 1st quarter worth about $243,000. State Street Corp increased its position in Peoples Utah Bancorp by 14.4% in the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after purchasing an additional 28,411 shares during the last quarter. Sei Investments Co. increased its position in Peoples Utah Bancorp by 31.3% in the 3rd quarter. Sei Investments Co. now owns 33,511 shares of the bank’s stock worth $1,087,000 after purchasing an additional 7,991 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Peoples Utah Bancorp by 40.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,800 shares of the bank’s stock worth $665,000 after purchasing an additional 7,200 shares during the last quarter. 31.82% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on PUB shares. ValuEngine lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th.
Peoples 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.
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