People’s Utah Bancorp (PUB) Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in People’s Utah Bancorp (NASDAQ:PUB) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,299 shares of the bank’s stock after purchasing an additional 1,835 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of People’s Utah Bancorp worth $973,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Globeflex Capital L P acquired a new position in People’s Utah Bancorp in the 1st quarter valued at about $117,000. SG Americas Securities LLC acquired a new position in People’s Utah Bancorp in the 2nd quarter valued at about $163,000. American International Group Inc. boosted its holdings in People’s Utah Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock valued at $212,000 after purchasing an additional 533 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in People’s Utah Bancorp by 2.8% in the 1st quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock valued at $223,000 after purchasing an additional 232 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new position in People’s Utah Bancorp in the 1st quarter valued at about $243,000. Institutional investors own 31.14% of the company’s stock.

People’s Utah Bancorp (PUB) opened at 29.75 on Friday. The stock has a 50 day moving average of $28.02 and a 200 day moving average of $27.47. The firm has a market capitalization of $534.25 million, a price-to-earnings ratio of 21.10 and a beta of 0.98. People’s Utah Bancorp has a one year low of $18.49 and a one year high of $29.90.

People’s Utah Bancorp (NASDAQ:PUB) last released its earnings results on Friday, July 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. People’s Utah Bancorp had a net margin of 27.79% and a return on equity of 11.13%. The business had revenue of $23.33 million for the quarter, compared to analysts’ expectations of $22.80 million. Analysts forecast that People’s Utah Bancorp will post $1.46 earnings per share for the current year.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $26.87, for a total value of $45,679.00. Following the sale, the director now directly owns 42,960 shares of the company’s stock, valued at $1,154,335.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jr. Fred W. Fairclough sold 45,115 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $27.02, for a total transaction of $1,219,007.30. The disclosure for this sale can be found here. Insiders sold 171,080 shares of company stock worth $4,638,939 over the last three months. Corporate insiders own 25.21% of the company’s stock.

Several equities analysts have weighed in on PUB shares. BidaskClub lowered shares of People’s Utah Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. TheStreet upgraded shares of People’s Utah Bancorp from a “c” rating to a “b-” rating in a report on Monday, June 12th. Finally, ValuEngine upgraded shares of People’s Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

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About People’s 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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Institutional Ownership by Quarter for People`s Utah Bancorp (NASDAQ:PUB)

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