Vanguard Group Inc. boosted its position in People’s Utah Bancorp (NASDAQ:PUB) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,888 shares of the bank’s stock after buying an additional 15,655 shares during the quarter. Vanguard Group Inc. owned 3.16% of People’s Utah Bancorp worth $15,193,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of People’s Utah Bancorp in the 2nd quarter valued at about $163,000. 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 purchasing an additional 533 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of People’s Utah Bancorp in the 1st quarter valued at about $243,000. Alliancebernstein L.P. acquired a new stake in shares of People’s Utah Bancorp in the 2nd quarter valued at about $247,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of People’s Utah Bancorp in the 2nd quarter valued at about $352,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

A number of equities research analysts have recently issued reports on PUB shares. BidaskClub lowered shares of People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of People’s Utah Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $26.87, for a total transaction of $45,679.00. Following the completion of the sale, the director now owns 42,960 shares of the company’s stock, valued at approximately $1,154,335.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jr. Fred W. Fairclough sold 45,115 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $27.02, for a total transaction of $1,219,007.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,689 shares of company stock valued at $5,090,757. Insiders own 25.21% of the company’s stock.

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Shares of People’s Utah Bancorp (NASDAQ:PUB) opened at $30.00 on Friday. People’s Utah Bancorp has a 1 year low of $22.00 and a 1 year high of $33.60. The firm has a market cap of $540.78, a PE ratio of 20.83, a P/E/G ratio of 2.61 and a beta of 1.00.

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

People’s Utah Bancorp 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.

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Institutional Ownership by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

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