GSA Capital Partners LLP acquired a new stake in Peoples Utah Bancorp (NASDAQ:PUB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,837 shares of the bank’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank increased its position in Peoples Utah Bancorp by 15.9% during the second quarter. Swiss National Bank now owns 29,100 shares of the bank’s stock worth $1,039,000 after acquiring an additional 4,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in Peoples Utah Bancorp by 13.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 34,181 shares of the bank’s stock worth $1,221,000 after acquiring an additional 4,000 shares during the period. Russell Investments Group Ltd. increased its position in Peoples Utah Bancorp by 4.5% during the second quarter. Russell Investments Group Ltd. now owns 36,856 shares of the bank’s stock worth $1,316,000 after acquiring an additional 1,600 shares during the period. Rhumbline Advisers increased its position in Peoples Utah Bancorp by 14.3% during the second quarter. Rhumbline Advisers now owns 14,076 shares of the bank’s stock worth $503,000 after acquiring an additional 1,758 shares during the period. Finally, Wasatch Advisors Inc. increased its position in Peoples Utah Bancorp by 69.4% during the second quarter. Wasatch Advisors Inc. now owns 489,856 shares of the bank’s stock worth $17,488,000 after acquiring an additional 200,720 shares during the period. 38.71% of the stock is currently owned by institutional investors.

In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $34.97, for a total value of $48,083.75. Following the sale, the director now directly owns 42,786 shares in the company, valued at approximately $1,496,226.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $35.50, for a total transaction of $60,350.00. Following the completion of the sale, the director now owns 44,161 shares in the company, valued at $1,567,715.50. The disclosure for this sale can be found here. Insiders have sold 14,175 shares of company stock worth $506,000 over the last quarter. Corporate insiders own 18.33% of the company’s stock.

Shares of Peoples Utah Bancorp stock opened at $34.90 on Tuesday. The stock has a market cap of $676.21 million, a price-to-earnings ratio of 22.81, a PEG ratio of 2.14 and a beta of 0.88. Peoples Utah Bancorp has a 12-month low of $29.05 and a 12-month high of $38.70.

Peoples Utah Bancorp (NASDAQ:PUB) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $31.04 million for the quarter, compared to the consensus estimate of $30.79 million. Peoples Utah Bancorp had a net margin of 22.22% and a return on equity of 13.24%. equities analysts predict that Peoples Utah Bancorp will post 2.11 EPS for the current fiscal year.

A number of equities research analysts have issued reports on PUB shares. BidaskClub downgraded shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Zacks Investment Research downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Raymond James downgraded shares of Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 2nd. Finally, ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th.

Peoples Utah Bancorp 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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Institutional Ownership by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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