First Trust Advisors LP Sells 5,204 Shares of Peoples Utah Bancorp (NASDAQ:PUB)

First Trust Advisors LP lessened its holdings in shares of Peoples Utah Bancorp (NASDAQ:PUB) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,891 shares of the bank’s stock after selling 5,204 shares during the quarter. First Trust Advisors LP owned about 0.13% of Peoples Utah Bancorp worth $743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PUB. California Public Employees Retirement System bought a new stake in Peoples Utah Bancorp during the 1st quarter valued at approximately $243,000. Vanguard Group Inc. grew its holdings in Peoples Utah Bancorp by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 551,233 shares of the bank’s stock valued at $14,580,000 after buying an additional 23,437 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Peoples Utah Bancorp by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 132,165 shares of the bank’s stock worth $3,495,000 after purchasing an additional 4,494 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Peoples Utah Bancorp by 47.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 90,785 shares of the bank’s stock valued at $2,401,000 after acquiring an additional 29,340 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Peoples Utah Bancorp by 2.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 86,160 shares of the bank’s stock valued at $2,310,000 after acquiring an additional 2,280 shares during the period. 31.82% of the stock is currently owned by institutional investors.

In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 10,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $30.07, for a total transaction of $300,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $32.19, for a total value of $54,723.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,800 shares of company stock worth $2,208,064 over the last ninety days. 25.21% of the stock is currently owned by corporate insiders.

Peoples Utah Bancorp (PUB) traded down $0.35 on Friday, hitting $30.30. The stock had a trading volume of 28,952 shares, compared to its average volume of 19,735. The company has a market cap of $552.49, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.67 and a beta of 0.98. Peoples Utah Bancorp has a 52-week low of $23.95 and a 52-week high of $33.60.

A number of research firms recently issued reports on PUB. Zacks Investment Research cut Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. ValuEngine lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday.

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Peoples Utah Bancorp Company 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.

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

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