Peoples Utah Bancorp (NASDAQ:PUB) declared a quarterly dividend on Thursday, July 25th, Fidelity reports. Stockholders of record on Monday, August 5th will be paid a dividend of 0.13 per share by the bank on Monday, August 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, August 2nd.
Peoples Utah Bancorp has increased its dividend by an average of 50.6% per year over the last three years and has increased its dividend every year for the last 3 years. Peoples Utah Bancorp has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Peoples Utah Bancorp to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 22.8%.
Peoples Utah Bancorp stock opened at $26.96 on Friday. The company has a market cap of $536.95 million, a price-to-earnings ratio of 12.60, a PEG ratio of 1.54 and a beta of 0.63. The business’s 50 day simple moving average is $29.19 and its 200 day simple moving average is $28.71. Peoples Utah Bancorp has a 12 month low of $25.18 and a 12 month high of $36.51.
In other news, Director Paul R. Gunther sold 5,200 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $30.05, for a total transaction of $156,260.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $29.92, for a total value of $41,140.00. Following the transaction, the director now directly owns 3,813 shares in the company, valued at $114,084.96. The disclosure for this sale can be found here. In the last three months, insiders sold 23,075 shares of company stock worth $672,834. 17.34% of the stock is owned by insiders.
Several research firms have recently weighed in on PUB. DA Davidson reaffirmed a “neutral” rating on shares of Peoples Utah Bancorp in a report on Tuesday, July 30th. ValuEngine cut shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 1st. BidaskClub raised shares of Peoples Utah Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 14th. Zacks Investment Research raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research note on Tuesday, July 30th. Finally, FIG Partners cut Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.50.
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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