Insider Selling: Peoples Utah Bancorp (NASDAQ:PUB) Director Sells 3,750 Shares of Stock

Peoples Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 3,750 shares of Peoples Utah Bancorp stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $17.31, for a total value of $64,912.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ:PUB traded up $0.56 on Thursday, reaching $18.31. The company’s stock had a trading volume of 243 shares, compared to its average volume of 64,170. Peoples Utah Bancorp has a 1-year low of $13.55 and a 1-year high of $31.34. The firm has a market cap of $339.57 million, a PE ratio of 7.80 and a beta of 0.73. The business’s 50-day moving average price is $23.79 and its two-hundred day moving average price is $27.74.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $30.88 million for the quarter, compared to analyst estimates of $32.15 million. Peoples Utah Bancorp had a return on equity of 13.97% and a net margin of 33.02%. As a group, equities research analysts forecast that Peoples Utah Bancorp will post 1.98 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of PUB. Great West Life Assurance Co. Can bought a new stake in shares of Peoples Utah Bancorp in the fourth quarter valued at about $48,000. Marshall Wace North America L.P. bought a new position in shares of Peoples Utah Bancorp in the 1st quarter valued at $58,000. Marshall Wace LLP bought a new position in shares of Peoples Utah Bancorp in the 1st quarter valued at $80,000. Citigroup Inc. lifted its stake in shares of Peoples Utah Bancorp by 47.0% in the 4th quarter. Citigroup Inc. now owns 3,426 shares of the bank’s stock valued at $103,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Peoples Utah Bancorp in the 3rd quarter valued at $234,000. Institutional investors own 40.59% of the company’s stock.

PUB has been the subject of a number of research analyst reports. BidaskClub raised Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 14th. Zacks Investment Research cut 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 issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.50.

About Peoples Utah Bancorp

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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Insider Buying and Selling by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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