Dimensional Fund Advisors LP increased its stake in People’s Utah Bancorp (NASDAQ:PUB) by 47.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,785 shares of the bank’s stock after buying an additional 29,340 shares during the period. Dimensional Fund Advisors LP owned 0.51% of People’s Utah Bancorp worth $2,401,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of People’s Utah Bancorp by 2.8% in the first quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock valued at $223,000 after buying an additional 232 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of People’s Utah Bancorp by 15.2% in the first quarter. Russell Investments Group Ltd. now owns 83,880 shares of the bank’s stock valued at $2,219,000 after buying an additional 11,076 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of People’s Utah Bancorp by 96.8% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 25,201 shares of the bank’s stock valued at $667,000 after buying an additional 12,393 shares during the last quarter. First Trust Advisors LP raised its stake in shares of People’s Utah Bancorp by 9.4% in the first quarter. First Trust Advisors LP now owns 32,843 shares of the bank’s stock valued at $869,000 after buying an additional 2,823 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of People’s Utah Bancorp by 13.9% in the first quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock valued at $1,489,000 after buying an additional 6,884 shares during the last quarter. Institutional investors own 31.14% of the company’s stock.

People’s Utah Bancorp (NASDAQ:PUB) traded up 1.46% on Friday, reaching $27.75. 14,312 shares of the company traded hands. People’s Utah Bancorp has a 1-year low of $18.49 and a 1-year high of $29.35. The stock has a market capitalization of $498.33 million, a price-to-earnings ratio of 19.68 and a beta of 0.98. The stock’s 50-day moving average is $27.24 and its 200-day moving average is $26.59.

People’s Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $23.33 million during the quarter, compared to analysts’ expectations of $22.80 million. Equities research analysts expect that People’s Utah Bancorp will post $1.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.09 per share. This is a boost from People’s Utah Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, August 3rd. People’s Utah Bancorp’s dividend payout ratio is currently 25.53%.

WARNING: This piece of content was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/peoples-utah-bancorp-pub-shares-bought-by-dimensional-fund-advisors-lp/1538395.html.

PUB has been the subject of several research analyst reports. ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet raised shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th. Finally, BidaskClub raised shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.00.

In other People’s Utah Bancorp news, CEO Richard T. Beard sold 25,951 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $27.50, for a total transaction of $713,652.50. Following the completion of the sale, the chief executive officer now directly owns 137,729 shares of the company’s stock, valued at $3,787,547.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.07, for a total transaction of $54,140.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,380 shares of company stock valued at $2,156,309. 25.21% of the stock is owned by corporate insiders.

About People’s Utah Bancorp

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.

Want to see what other hedge funds are holding PUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for People’s Utah Bancorp (NASDAQ:PUB).

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

Receive News & Ratings for People's Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's Utah Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.