Dupont Capital Management Corp cut its holdings in shares of People’s Utah Bancorp (NASDAQ:PUB) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,005 shares of the bank’s stock after selling 7,401 shares during the quarter. Dupont Capital Management Corp owned about 0.15% of People’s Utah Bancorp worth $876,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PUB. SG Americas Securities LLC acquired a new position in shares of People’s Utah Bancorp during the second quarter worth approximately $163,000. American International Group Inc. lifted its holdings in shares of People’s Utah Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after buying an additional 533 shares during the last quarter. California Public Employees Retirement System acquired a new position in shares of People’s Utah Bancorp during the first quarter worth approximately $243,000. Alliancebernstein L.P. acquired a new position in shares of People’s Utah Bancorp during the second quarter worth approximately $247,000. Finally, OxFORD Asset Management LLP acquired a new position in shares of People’s Utah Bancorp during the second quarter worth approximately $264,000. Institutional investors own 30.95% of the company’s stock.

People’s Utah Bancorp (NASDAQ PUB) opened at $29.95 on Friday. The company has a market capitalization of $540.77, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.61 and a beta of 1.00. People’s Utah Bancorp has a 12 month low of $19.75 and a 12 month high of $33.60.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.20%. People’s Utah Bancorp’s payout ratio is 25.53%.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $26.87, for a total value of $45,679.00. Following the completion of the transaction, the director now directly owns 42,960 shares in the company, valued at $1,154,335.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $32.12, for a total value of $64,240.00. The disclosure for this sale can be found here. Insiders sold 192,180 shares of company stock valued at $5,269,170 over the last 90 days. 25.21% of the stock is currently owned by corporate insiders.

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A number of research analysts have recently commented on PUB shares. ValuEngine lowered People’s Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub upgraded People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Zacks Investment Research lowered People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th.

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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