California Public Employees Retirement System bought a new stake in shares of People’s Utah Bancorp (NASDAQ:PUB) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,200 shares of the bank’s stock, valued at approximately $243,000. California Public Employees Retirement System owned about 0.05% of People’s Utah Bancorp as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. American International Group Inc. raised its stake in shares of People’s Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after buying an additional 533 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of People’s Utah Bancorp by 2.8% in the first quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock valued at $223,000 after buying an additional 232 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of People’s Utah Bancorp by 84.9% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 10,726 shares of the bank’s stock valued at $282,000 after buying an additional 4,926 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of People’s Utah Bancorp during the first quarter valued at about $520,000. Finally, DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of People’s Utah Bancorp by 96.8% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 25,201 shares of the bank’s stock valued at $667,000 after buying an additional 12,393 shares during the last quarter. Hedge funds and other institutional investors own 31.14% of the company’s stock.

People’s Utah Bancorp (NASDAQ:PUB) traded down 0.18% during mid-day trading on Wednesday, hitting $27.10. The company had a trading volume of 2,938 shares. The company has a market capitalization of $486.66 million, a price-to-earnings ratio of 19.22 and a beta of 0.97. People’s Utah Bancorp has a 52 week low of $18.49 and a 52 week high of $29.35. The firm’s 50 day moving average is $27.23 and its 200 day moving average is $26.51.

People’s Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. The firm had revenue of $23.33 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities research analysts predict that People’s Utah Bancorp will post $1.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.09 dividend. This is an increase from People’s Utah Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, August 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. People’s Utah Bancorp’s dividend payout ratio is presently 25.53%.

TRADEMARK VIOLATION NOTICE: “California Public Employees Retirement System Invests $243,000 in People’s Utah Bancorp (PUB)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/30/california-public-employees-retirement-system-invests-243000-in-peoples-utah-bancorp-pub.html.

Several analysts have issued reports on the company. BidaskClub upgraded People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. ValuEngine upgraded People’s Utah Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet upgraded People’s Utah Bancorp from a “c” rating to a “b-” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $26.00.

In other news, CEO Richard T. Beard sold 29,850 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $27.00, for a total value of $805,950.00. Following the completion of the sale, the chief executive officer now owns 88,000 shares of the company’s stock, valued at approximately $2,376,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard T. Beard sold 25,951 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $27.50, for a total transaction of $713,652.50. Following the completion of the sale, the chief executive officer now directly owns 137,729 shares of the company’s stock, valued at approximately $3,787,547.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,380 shares of company stock valued at $2,102,169. 25.21% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

Receive News & Stock Ratings for People's Utah Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's Utah Bancorp and related stocks with our FREE daily email newsletter.