People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $26.87, for a total transaction of $45,679.00. Following the transaction, the director now directly owns 42,960 shares in the company, valued at approximately $1,154,335.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

People’s Utah Bancorp (NASDAQ PUB) traded up 1.12% during mid-day trading on Friday, hitting $27.20. 41,456 shares of the stock were exchanged. The firm has a market cap of $488.46 million, a P/E ratio of 19.29 and a beta of 0.97. The company has a 50 day moving average of $27.23 and a 200 day moving average of $26.51. People’s Utah Bancorp has a 12-month low of $18.49 and a 12-month high of $29.35.

People’s Utah Bancorp (NASDAQ:PUB) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a return on equity of 11.13% and a net margin of 27.79%. The company had revenue of $23.33 million for the quarter, compared to the consensus estimate of $22.80 million. On average, equities analysts anticipate that People’s Utah Bancorp will post $1.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is an increase from People’s Utah Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.32%. People’s Utah Bancorp’s payout ratio is currently 25.53%.

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A number of large investors have recently bought and sold shares of the company. American International Group Inc. increased its stake in People’s Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after buying an additional 533 shares in the last quarter. Stifel Financial Corp increased its stake in shares of People’s Utah Bancorp by 13.3% in the first quarter. Stifel Financial Corp now owns 85,000 shares of the bank’s stock worth $2,248,000 after buying an additional 10,000 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of People’s Utah Bancorp by 2.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 148,761 shares of the bank’s stock worth $3,935,000 after buying an additional 2,936 shares during the period. Context BH Capital Management LP increased its stake in shares of People’s Utah Bancorp by 2.7% in the first quarter. Context BH Capital Management LP now owns 52,283 shares of the bank’s stock worth $1,383,000 after buying an additional 1,363 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of People’s Utah Bancorp by 13.9% in the first quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock worth $1,489,000 after buying an additional 6,884 shares during the period. Institutional investors own 28.98% of the company’s stock.

A number of research analysts have commented on PUB shares. BidaskClub downgraded shares of People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet upgraded shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th. Zacks Investment Research upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Saturday, April 29th. Finally, ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.00.

About People’s 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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