Northern Trust Corp boosted its stake in shares of Peoples Utah Bancorp (NASDAQ:PUB) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,687 shares of the bank’s stock after buying an additional 16,657 shares during the period. Northern Trust Corp owned about 0.88% of Peoples Utah Bancorp worth $4,253,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of Peoples Utah Bancorp by 13.9% during the first quarter. Bank of New York Mellon Corp now owns 56,309 shares of the bank’s stock worth $1,489,000 after buying an additional 6,884 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Peoples 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 during the last quarter. California Public Employees Retirement System acquired a new position in shares of Peoples Utah Bancorp during the first quarter worth approximately $243,000. Vanguard Group Inc. lifted its holdings in shares of Peoples Utah Bancorp by 4.4% during the first quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock worth $14,580,000 after buying an additional 23,437 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Peoples Utah Bancorp by 3.5% during the first quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock worth $3,495,000 after buying an additional 4,494 shares during the last quarter. Hedge funds and other institutional investors own 31.82% of the company’s stock.
A number of research analysts recently commented on PUB shares. ValuEngine lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, November 3rd. Peoples Utah Bancorp’s payout ratio is 25.53%.
In other news, CFO Wolfgang T. N. Muelleck sold 18,769 shares of Peoples Utah Bancorp stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $30.60, for a total transaction of $574,331.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.45, for a total value of $51,765.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,100 shares of company stock worth $4,807,447. 25.21% of the stock is currently owned by insiders.
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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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