Acadian Asset Management LLC lowered its position in shares of People’s Utah Bancorp (NASDAQ:PUB) by 58.5% during the second quarter, Holdings Channel reports. The institutional investor owned 7,545 shares of the bank’s stock after selling 10,656 shares during the period. Acadian Asset Management LLC’s holdings in People’s Utah Bancorp were worth $202,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in People’s Utah Bancorp by 4.4% in the first quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after buying an additional 23,437 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in People’s Utah Bancorp during the first quarter valued at approximately $5,708,000. State Street Corp raised its stake in People’s Utah Bancorp by 12.3% in the fourth quarter. State Street Corp now owns 195,875 shares of the bank’s stock valued at $5,259,000 after buying an additional 21,418 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in People’s Utah Bancorp by 2.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 148,761 shares of the bank’s stock valued at $3,935,000 after buying an additional 2,936 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in People’s Utah Bancorp by 3.5% in the first quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock valued at $3,495,000 after buying an additional 4,494 shares during the last quarter. 28.98% of the stock is currently owned by institutional investors and hedge funds.

People’s Utah Bancorp (NASDAQ:PUB) traded up 0.93% during mid-day trading on Wednesday, reaching $27.00. 4,222 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $27.22 and its 200 day moving average is $26.43. The stock has a market capitalization of $484.87 million, a PE ratio of 19.15 and a beta of 0.97. People’s Utah Bancorp has a 1-year low of $18.49 and a 1-year high of $29.35.

People’s Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. The company had revenue of $23.33 million during the quarter, compared to analyst estimates of $22.80 million. Analysts forecast that People’s Utah Bancorp will post $1.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.35%. This is an increase from People’s Utah Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, August 3rd. People’s Utah Bancorp’s dividend payout ratio is 25.53%.

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Several research firms have recently issued reports on PUB. BidaskClub raised shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Saturday, April 29th. Finally, TheStreet upgraded shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.

People’s Utah Bancorp Company 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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