The stock last traded at $30.20 barely above the 50 day moving average of $28.63 and which is just over the 200 day moving average of $28.63. The 50 day moving average went up $1.57 or +5.49% and the 200 day average moved up $1.57. Trading volume for People’s Utah Bancorp was 28K in the last trading session. Volume was down 1.30% under the stocks average daily volume.
Short traders are feeling a little more bearish on shares of the company of late if you consider the motion in short interest. The firm saw a rise in short interest of 22.47% as of the latest report on August 31, 2017. Short interest grew 19,855 over that period. Days to cover increased from 4.0 to 6.0 and the percentage of shorted shares is 0.01% as of August 31.
Here is a rundown on some insider market activity for People’s Utah Bancorp (NASDAQ:PUB). Director Jr. Fred W. Fairclough, let go of 1,700 shares at an average price of $27.26 on Wed the 6th. That brings the Director’s holdings to $1,124,748 as recorded in a recent Form 4 SEC filing. Jr. Fred W. Fairclough,, Director disclosed the sale of 2,000 shares of (PUB). The shares were purchased at an average price of $27.07. The Director now owns $14,473,679 of the stock according to the SEC filing.
Richard T. Beard, President & CEO sold $805,950 worth of shares at an average price of $27.00 on August 25th. The President & CEO now owns $2,376,000 of the stock per an SEC filing yesterday.
The following firms have recently changed their position in PUB. Context Bh Capital Management, Lp grew its stake by buying 1,400 shares an increase of 2.7% from 03/31/2017 to 06/30/2017. Context Bh Capital Management, Lp now controls 53,683 shares valued at $1,439,000. The total value of its holdings increased 4.0%. Ubs Group Ag added to its position by buying 311 shares an increase of 76.8%. Ubs Group Ag controls 716 shares with a value of $19,000. The value of the position overall is up by 72.7%.
As of the end of the quarter Davis Capital Partners, LLC had acquired 206,671 shares growing its holdings by 557.1%. The value of the company’s investment in People’s Utah Bancorp went from $981,000 to $6,533,000 a change of $5,552,000 quarter over quarter. Pacific Ridge Capital Partners, LLC downsized its investment by selling 14,220 shares a decrease of 9.6% as of 06/30/2017. Pacific Ridge Capital Partners, LLC currently owns 134,541 shares worth $3,606,000. The value of the position overall is down by 8.4%.
The company’s P/E ratio is 21.42 and market cap is 542.33M. In the last earnings report the EPS was $1.41 and is expected to be $1.46 for the current year with 17,958,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.38 with next year’s EPS anticipated to be $1.81.
People’s Utah Bancorp, launched on December 27, 1999, 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. It also provides a range of banking services and products to individuals. The Bank operates two divisions: Bank of American Fork (BAF), Lewiston State Bank (LSB) and GrowthFunding Equipment Finance. The Company provides banking services throughout its market area to real estate developers, contractors and small-to medium-sized businesses..