Acadian Asset Management LLC Sells 4,272 Shares of Peoples Utah Bancorp (PUB)
Acadian Asset Management LLC decreased its holdings in Peoples Utah Bancorp (NASDAQ:PUB) by 24.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,878 shares of the bank’s stock after selling 4,272 shares during the period. Acadian Asset Management LLC owned about 0.07% of Peoples Utah Bancorp worth $437,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. First Trust Advisors LP raised its stake in Peoples Utah Bancorp by 97.2% in the third quarter. First Trust Advisors LP now owns 52,063 shares of the bank’s stock worth $1,768,000 after buying an additional 25,660 shares in the last quarter. Northern Trust Corp raised its stake in Peoples Utah Bancorp by 19.6% in the second quarter. Northern Trust Corp now owns 192,245 shares of the bank’s stock worth $6,862,000 after buying an additional 31,522 shares in the last quarter. Millennium Management LLC raised its stake in Peoples Utah Bancorp by 33.3% in the second quarter. Millennium Management LLC now owns 17,086 shares of the bank’s stock worth $610,000 after buying an additional 4,268 shares in the last quarter. Davis Capital Partners LLC raised its stake in Peoples Utah Bancorp by 1.2% in the second quarter. Davis Capital Partners LLC now owns 750,000 shares of the bank’s stock worth $26,775,000 after buying an additional 8,764 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Peoples Utah Bancorp by 13.0% in the second quarter. Renaissance Technologies LLC now owns 152,200 shares of the bank’s stock worth $5,434,000 after buying an additional 17,500 shares in the last quarter. 38.89% of the stock is owned by institutional investors.
A number of brokerages recently commented on PUB. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, August 1st. Raymond James downgraded Peoples Utah Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 2nd. Finally, BidaskClub raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings results on Wednesday, October 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $30.98 million for the quarter, compared to the consensus estimate of $30.60 million. Peoples Utah Bancorp had a return on equity of 14.14% and a net margin of 24.05%. Equities research analysts anticipate that Peoples Utah Bancorp will post 2.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Tuesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, November 5th. Peoples Utah Bancorp’s payout ratio is presently 28.76%.
In other news, Director Jr. Fred W. Fairclough sold 1,375 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $34.97, for a total transaction of $48,083.75. Following the transaction, the director now directly owns 42,786 shares of the company’s stock, valued at $1,496,226.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 11,000 shares of company stock worth $365,695. Insiders own 18.33% of the company’s stock.
Peoples Utah Bancorp Profile
People's Utah Bancorp operates as the bank holding company for People's Intermountain Bank that provides retail and commercial banking products and services. The company accepts various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.
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