Nationwide Fund Advisors maintained its stake in shares of People’s Utah Bancorp (NASDAQ:PUB) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,422 shares of the bank’s stock at the close of the 2nd quarter. Nationwide Fund Advisors’ holdings in People’s Utah Bancorp were worth $226,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in People’s Utah Bancorp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after purchasing an additional 23,437 shares during the last quarter. Geode Capital Management LLC raised its position in People’s Utah Bancorp by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock valued at $3,495,000 after purchasing an additional 4,494 shares during the last quarter. Dimensional Fund Advisors LP raised its position in People’s Utah Bancorp by 47.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 90,785 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 29,340 shares during the last quarter. Russell Investments Group Ltd. raised its position in People’s Utah Bancorp by 2.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 86,160 shares of the bank’s stock valued at $2,310,000 after purchasing an additional 2,280 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in People’s Utah Bancorp by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,126 shares of the bank’s stock valued at $1,719,000 after purchasing an additional 7,817 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

In other news, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard T. Beard sold 12,170 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $27.00, for a total transaction of $328,590.00. Following the transaction, the chief executive officer now directly owns 117,850 shares in the company, valued at $3,181,950. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,229 shares of company stock valued at $4,620,598. 25.21% of the stock is owned by insiders.

A number of brokerages have commented on PUB. Zacks Investment Research downgraded shares of People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub upgraded shares of People’s Utah Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

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People’s Utah Bancorp (NASDAQ:PUB) opened at $30.35 on Tuesday. The company has a market cap of $539.87, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.00. People’s Utah Bancorp has a 12-month low of $21.80 and a 12-month high of $33.60.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.19%. People’s Utah Bancorp’s payout ratio is currently 25.53%.

People’s 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 People`s Utah Bancorp (NASDAQ:PUB)

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