Teachers Advisors LLC Has $608,000 Stake in People’s Utah Bancorp (PUB)
Teachers Advisors LLC lifted its stake in shares of People’s Utah Bancorp (NASDAQ:PUB) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,703 shares of the bank’s stock after buying an additional 987 shares during the quarter. Teachers Advisors LLC owned approximately 0.13% of People’s Utah Bancorp worth $608,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of People’s Utah Bancorp during the second quarter worth approximately $163,000. American International Group Inc. grew its position 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 in the last quarter. California Public Employees Retirement System acquired a new stake in shares of People’s Utah Bancorp during the first quarter worth approximately $243,000. Alliancebernstein L.P. acquired a new stake in shares of People’s Utah Bancorp during the second quarter worth approximately $247,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of People’s Utah Bancorp during the second quarter worth approximately $352,000. 30.95% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st.
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In other news, Director Jr. Fred W. Fairclough sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $32.89, for a total transaction of $65,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $26.87, for a total transaction of $45,679.00. Following the transaction, the director now directly owns 42,960 shares of the company’s stock, valued at approximately $1,154,335.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 192,180 shares of company stock valued at $5,269,170. 25.21% of the stock is currently owned by corporate insiders.
People’s Utah Bancorp (NASDAQ PUB) opened at $30.00 on Friday. The company has a market cap of $538.97, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00. People’s Utah Bancorp has a 1-year low of $19.52 and a 1-year high of $33.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, November 3rd. People’s Utah Bancorp’s dividend payout ratio is presently 25.53%.
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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