D.A. Davidson & CO. Buys 600 Shares of Peoples Utah Bancorp (NASDAQ:PUB)

D.A. Davidson & CO. lifted its holdings in Peoples Utah Bancorp (NASDAQ:PUB) by 5.2% in the third quarter, Holdings Channel reports. The firm owned 12,150 shares of the bank’s stock after buying an additional 600 shares during the period. D.A. Davidson & CO.’s holdings in Peoples Utah Bancorp were worth $344,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Peoples Utah Bancorp by 62.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 28,865 shares of the bank’s stock worth $817,000 after purchasing an additional 11,122 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Peoples Utah Bancorp by 34.4% in the 3rd quarter. California Public Employees Retirement System now owns 11,249 shares of the bank’s stock worth $318,000 after purchasing an additional 2,877 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Peoples Utah Bancorp by 21.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 23,535 shares of the bank’s stock worth $665,000 after purchasing an additional 4,114 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Peoples Utah Bancorp in the 3rd quarter worth $225,000. Finally, Dupont Capital Management Corp boosted its position in shares of Peoples Utah Bancorp by 7.4% in the 3rd quarter. Dupont Capital Management Corp now owns 18,081 shares of the bank’s stock worth $512,000 after purchasing an additional 1,245 shares in the last quarter. 39.17% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on PUB. Zacks Investment Research cut Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. DA Davidson reissued a “neutral” rating on shares of Peoples Utah Bancorp in a research report on Tuesday, July 30th. ValuEngine raised Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub lowered Peoples Utah Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Peoples Utah Bancorp currently has a consensus rating of “Hold” and an average target price of $31.50.

In related news, Director Jr. Fred W. Fairclough sold 3,750 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $29.38, for a total value of $110,175.00. Also, Director Jr. Fred W. Fairclough sold 1,375 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $25.91, for a total value of $35,626.25. The disclosure for this sale can be found here. Insiders sold a total of 42,068 shares of company stock valued at $1,196,202 in the last 90 days. 17.34% of the stock is currently owned by company insiders.

Shares of PUB stock opened at $28.98 on Tuesday. The firm has a market capitalization of $550.59 million, a price-to-earnings ratio of 13.54 and a beta of 0.69. The business has a fifty day moving average of $28.94 and a 200 day moving average of $28.76. Peoples Utah Bancorp has a 1 year low of $25.18 and a 1 year high of $33.40.

Peoples Utah Bancorp (NASDAQ:PUB) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). The firm had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $31.45 million. Peoples Utah Bancorp had a return on equity of 14.12% and a net margin of 32.15%. Equities analysts predict that Peoples Utah Bancorp will post 2.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. Peoples Utah Bancorp’s dividend payout ratio (DPR) is 24.30%.

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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Institutional Ownership by Quarter for Peoples Utah Bancorp (NASDAQ:PUB)

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