People’s Utah Bancorp (NASDAQ:PUB) Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $30.86, for a total transaction of $52,462.00. Following the transaction, the director now owns 82,576 shares of the company’s stock, valued at $2,548,295.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of People’s Utah Bancorp (NASDAQ:PUB) traded down $0.75 during mid-day trading on Friday, hitting $30.00. 31,177 shares of the stock were exchanged, compared to its average volume of 17,139. People’s Utah Bancorp has a 52 week low of $22.00 and a 52 week high of $33.60. The firm has a market cap of $540.68 and a PE ratio of 21.39.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, November 3rd. People’s Utah Bancorp’s dividend payout ratio is 25.53%.

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Several hedge funds have recently made changes to their positions in PUB. Bank of New York Mellon Corp raised its stake in shares of People’s Utah Bancorp by 13.9% in the 1st quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock valued at $1,489,000 after buying an additional 6,884 shares in the last quarter. American International Group Inc. raised its stake in shares of People’s Utah Bancorp by 7.1% in the 1st 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. California Public Employees Retirement System acquired a new position in shares of People’s Utah Bancorp in the 1st quarter valued at $243,000. Vanguard Group Inc. raised its stake in shares of People’s Utah Bancorp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after buying an additional 23,437 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of People’s Utah Bancorp by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock valued at $3,495,000 after buying an additional 4,494 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

PUB has been the subject of several research analyst reports. ValuEngine cut shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of People’s 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 People’s Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st.

People’s 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.

Insider Buying and Selling by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

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