Peoples Utah Bancorp (PUB) Stake Lessened by Suntrust Banks Inc.

Suntrust Banks Inc. lessened its stake in Peoples Utah Bancorp (NASDAQ:PUB) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,195 shares of the bank’s stock after selling 7,400 shares during the quarter. Suntrust Banks Inc. owned 0.76% of Peoples Utah Bancorp worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC purchased a new position in shares of Peoples Utah Bancorp in the 1st quarter worth about $414,000. Stifel Financial Corp raised its position in shares of Peoples Utah Bancorp by 7.4% in the 1st quarter. Stifel Financial Corp now owns 102,000 shares of the bank’s stock worth $3,295,000 after purchasing an additional 7,000 shares during the last quarter. Sei Investments Co. raised its position in shares of Peoples Utah Bancorp by 25.7% in the 1st quarter. Sei Investments Co. now owns 42,096 shares of the bank’s stock worth $1,359,000 after purchasing an additional 8,616 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Peoples Utah Bancorp by 29.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 273,282 shares of the bank’s stock worth $8,827,000 after purchasing an additional 61,760 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Peoples Utah Bancorp by 13.0% in the 1st quarter. New York State Common Retirement Fund now owns 22,432 shares of the bank’s stock worth $725,000 after purchasing an additional 2,583 shares during the last quarter. 36.50% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on PUB shares. BidaskClub upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 30th. Zacks Investment Research upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, May 1st. Finally, ValuEngine upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd.

In other Peoples Utah Bancorp news, Director Jr. Fred W. Fairclough sold 1,700 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $30.95, for a total transaction of $52,615.00. Following the completion of the sale, the director now directly owns 57,876 shares in the company, valued at approximately $1,791,262.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $31.75, for a total value of $63,500.00. The disclosure for this sale can be found here. Insiders sold a total of 22,200 shares of company stock valued at $753,071 over the last quarter. 18.33% of the stock is owned by corporate insiders.

Peoples Utah Bancorp opened at $37.45 on Wednesday, according to MarketBeat.com. Peoples Utah Bancorp has a one year low of $26.00 and a one year high of $38.70. The stock has a market capitalization of $714.49 million, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Wednesday, April 25th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Peoples Utah Bancorp had a return on equity of 12.18% and a net margin of 20.37%. The company had revenue of $30.27 million during the quarter, compared to the consensus estimate of $28.97 million. analysts predict that Peoples Utah Bancorp will post 2.05 earnings per share for the current fiscal year.

About Peoples Utah Bancorp

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.

Want to see what other hedge funds are holding PUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peoples Utah Bancorp (NASDAQ:PUB).

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

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


Leave a Reply