Russell Investments Group Ltd. bought a new position in shares of Peoples Utah Bancorp (NASDAQ:PUB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 72,804 shares of the bank’s stock, valued at approximately $1,951,000. Russell Investments Group Ltd. owned approximately 0.41% of Peoples Utah Bancorp at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of Peoples Utah Bancorp during the third quarter valued at approximately $104,000. Acadian Asset Management LLC bought a new stake in Peoples Utah Bancorp during the third quarter valued at $181,000. Analytic Investors LLC bought a new stake in Peoples Utah Bancorp during the third quarter valued at $216,000. Spark Investment Management LLC bought a new stake in Peoples Utah Bancorp during the third quarter valued at $329,000. Finally, Context BH Capital Management LP boosted its stake in Peoples Utah Bancorp by 12.7% in the third quarter. Context BH Capital Management LP now owns 47,220 shares of the bank’s stock valued at $961,000 after buying an additional 5,311 shares during the period. 28.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Peoples Utah Bancorp (NASDAQ:PUB) traded up 0.76% during trading on Friday, reaching $26.60. 28,728 shares of the company were exchanged. The company has a market capitalization of $476.03 million, a price-to-earnings ratio of 20.46 and a beta of 0.98. Peoples Utah Bancorp has a 1-year low of $15.78 and a 1-year high of $27.85. The stock’s 50 day moving average is $26.22 and its 200 day moving average is $24.28.
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Separately, Zacks Investment Research cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th.
About Peoples 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.
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