Dimensional Fund Advisors LP increased its holdings in Peoples Utah Bancorp (NASDAQ:PUB) by 29.6% during the third quarter, Holdings Channel reports. The fund owned 168,105 shares of the bank’s stock after acquiring an additional 38,397 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Peoples Utah Bancorp were worth $5,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PUB. John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Peoples Utah Bancorp in the 3rd quarter worth about $2,596,000. State Street Corp raised its holdings in shares of Peoples Utah Bancorp by 14.4% in the 2nd quarter. State Street Corp now owns 225,316 shares of the bank’s stock worth $6,036,000 after acquiring an additional 28,411 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Peoples Utah Bancorp in the 3rd quarter worth about $785,000. Swiss National Bank acquired a new stake in shares of Peoples Utah Bancorp in the 2nd quarter worth about $641,000. Finally, Northern Trust Corp raised its holdings in shares of Peoples Utah Bancorp by 11.7% in the 2nd quarter. Northern Trust Corp now owns 158,687 shares of the bank’s stock worth $4,253,000 after acquiring an additional 16,657 shares during the last quarter. Institutional investors own 31.63% of the company’s stock.

Shares of Peoples Utah Bancorp (PUB) opened at $31.60 on Friday. The company has a market cap of $588.68, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. Peoples Utah Bancorp has a one year low of $24.60 and a one year high of $33.90.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Monday, February 5th will be paid a $0.09 dividend. The ex-dividend date is Friday, February 2nd. This represents a $0.36 annualized dividend and a yield of 1.14%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is 33.33%.

PUB has been the topic of a number of analyst reports. BidaskClub lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Raymond James Financial initiated coverage on shares of Peoples Utah Bancorp in a report on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, ValuEngine lowered shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.

In other Peoples Utah Bancorp news, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $30.60, for a total value of $574,331.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jr. Fred W. Fairclough sold 10,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $30.07, for a total transaction of $300,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,100 shares of company stock valued at $2,146,075. Company insiders own 25.21% of the company’s stock.

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Peoples Utah Bancorp 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 Peoples Utah Bancorp (NASDAQ:PUB)

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