Peoples Utah Bancorp (PUB) Shares Bought by California State Teachers Retirement System
California State Teachers Retirement System raised its position in shares of Peoples Utah Bancorp (NASDAQ:PUB) by 336.9% during the second quarter, Holdings Channel reports. The institutional investor owned 27,240 shares of the company’s stock after buying an additional 21,005 shares during the period. California State Teachers Retirement System owned 0.15% of Peoples Utah Bancorp worth $452,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. State Street Corp boosted its stake in shares of Peoples Utah Bancorp by 3.0% in the first quarter. State Street Corp now owns 20,422 shares of the company’s stock worth $322,000 after buying an additional 600 shares during the last quarter. Geode Capital Management LLC boosted its position in Peoples Utah Bancorp by 12.6% in the first quarter. Geode Capital Management LLC now owns 20,942 shares of the company’s stock valued at $331,000 after buying an additional 2,349 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Peoples Utah Bancorp by 148.2% in the second quarter. Bank of New York Mellon Corp now owns 30,829 shares of the company’s stock valued at $512,000 after buying an additional 18,410 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in Peoples Utah Bancorp by 0.6% in the first quarter. Kennedy Capital Management Inc. now owns 208,248 shares of the company’s stock valued at $3,297,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 26.16% of the company’s stock.
Peoples Utah Bancorp (NASDAQ:PUB) traded up 0.45% on Tuesday, reaching $20.19. The company had a trading volume of 1,286 shares. The stock has a market capitalization of $358.49 million, a P/E ratio of 17.35 and a beta of 0.79. The firm has a 50-day moving average of $20.05 and a 200-day moving average of $17.86. Peoples Utah Bancorp has a 12 month low of $14.16 and a 12 month high of $21.28.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Peoples Utah Bancorp had a return on equity of 9.85% and a net margin of 24.69%. On average, equities research analysts expect that Peoples Utah Bancorp will post $1.22 earnings per share for the current fiscal year.
Several research analysts recently commented on the company. DA Davidson cut Peoples Utah Bancorp from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $22.00 in a research note on Friday, September 9th. Zacks Investment Research cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
Peoples Utah Bancorp Company Profile
People’s Utah Bancorp is a bank holding company. The Company has approximately 20 retail banking locations, over 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 various population centers 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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