Peoples Utah Bancorp (NASDAQ:PUB) saw a large decrease in short interest during the month of November. As of November 29th, there was short interest totalling 62,300 shares, a decrease of 8.7% from the November 14th total of 68,200 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.4% of the company’s shares are short sold.

In other news, Director Jr. Fred W. Fairclough sold 3,674 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $28.66, for a total value of $105,296.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jr. Fred W. Fairclough sold 3,750 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $28.65, for a total transaction of $107,437.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,872 shares of company stock worth $1,436,299. Insiders own 17.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PUB. BlackRock Inc. boosted its stake in Peoples Utah Bancorp by 13.7% during the second quarter. BlackRock Inc. now owns 944,017 shares of the bank’s stock worth $27,755,000 after acquiring an additional 113,410 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Peoples Utah Bancorp during the second quarter worth $496,000. Dupont Capital Management Corp bought a new position in Peoples Utah Bancorp during the second quarter worth $495,000. Renaissance Technologies LLC boosted its stake in Peoples Utah Bancorp by 10.7% during the second quarter. Renaissance Technologies LLC now owns 160,900 shares of the bank’s stock worth $4,730,000 after acquiring an additional 15,600 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Peoples Utah Bancorp by 19.3% during the second quarter. Bank of New York Mellon Corp now owns 84,980 shares of the bank’s stock worth $2,498,000 after acquiring an additional 13,740 shares in the last quarter. 39.43% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, BidaskClub lowered shares of Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.50.

NASDAQ PUB traded up $0.60 on Friday, hitting $30.34. 31,996 shares of the company were exchanged, compared to its average volume of 19,268. The company has a market cap of $551.35 million, a PE ratio of 14.18 and a beta of 0.68. Peoples Utah Bancorp has a 12 month low of $25.18 and a 12 month high of $33.05. The stock has a fifty day moving average of $29.41 and a 200-day moving average of $28.75.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The company had revenue of $32.66 million for the quarter, compared to the consensus estimate of $31.45 million. Peoples Utah Bancorp had a return on equity of 14.12% and a net margin of 32.15%. As a group, research analysts anticipate that Peoples Utah Bancorp will post 2.29 earnings per share for the current year.

Peoples Utah Bancorp Company Profile

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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