Wasatch Advisors Inc. continued to hold its position in People’s Utah Bancorp (NASDAQ:PUB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238,630 shares of the bank’s stock at the end of the 2nd quarter. Wasatch Advisors Inc. owned approximately 1.33% of People’s Utah Bancorp worth $6,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of People’s Utah Bancorp by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 566,888 shares of the bank’s stock valued at $15,193,000 after buying an additional 15,655 shares in the last quarter. State Street Corp increased its position in shares of People’s Utah Bancorp by 14.4% in the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock valued at $6,036,000 after buying an additional 28,411 shares in the last quarter. Northern Trust Corp increased its position in shares of People’s Utah Bancorp by 11.7% in the 2nd quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock valued at $4,253,000 after buying an additional 16,657 shares in the last quarter. Geode Capital Management LLC increased its position in shares of People’s Utah Bancorp by 3.5% in the 1st 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of People’s Utah Bancorp by 42.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 129,708 shares of the bank’s stock valued at $3,476,000 after buying an additional 38,923 shares in the last quarter. Institutional investors and hedge funds own 31.14% of the company’s stock.

In other news, Director Jr. Fred W. Fairclough sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $32.89, for a total transaction of $65,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard T. Beard sold 25,951 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $27.50, for a total transaction of $713,652.50. Following the sale, the chief executive officer now directly owns 137,729 shares of the company’s stock, valued at $3,787,547.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,480 shares of company stock valued at $5,149,731. 25.21% of the stock is currently owned by insiders.

People’s Utah Bancorp (PUB) traded up 0.46% during trading on Tuesday, reaching $33.10. The company’s stock had a trading volume of 1,137 shares. The company has a market cap of $594.41 million, a P/E ratio of 23.48 and a beta of 1.04. The stock’s 50-day moving average is $30.03 and its 200 day moving average is $27.45. People’s Utah Bancorp has a 12 month low of $19.17 and a 12 month high of $33.60.

People’s Utah Bancorp (NASDAQ:PUB) last announced 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 for the quarter, compared to analyst estimates of $22.80 million. On average, equities analysts forecast that People’s Utah Bancorp will post $1.46 EPS for the current fiscal year.

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

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.

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

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