People’s Utah Bancorp (PUB) Holdings Held by Voya Investment Management LLC
Voya Investment Management LLC continued to hold its stake in shares of People’s Utah Bancorp (NASDAQ:PUB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,258 shares of the bank’s stock at the close of the 2nd quarter. Voya Investment Management LLC owned about 0.06% of People’s Utah Bancorp worth $302,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in People’s Utah Bancorp in the 2nd quarter worth about $163,000. American International Group Inc. boosted its stake 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 worth $212,000 after purchasing an additional 533 shares during the period. California Public Employees Retirement System bought a new position in People’s Utah Bancorp in the 1st quarter worth about $243,000. Alliancebernstein L.P. bought a new position in People’s Utah Bancorp in the 2nd quarter worth about $247,000. Finally, OxFORD Asset Management LLP bought a new position in People’s Utah Bancorp in the 2nd quarter worth about $264,000. 31.15% of the stock is owned by institutional investors.
Shares of People’s Utah Bancorp (NASDAQ:PUB) opened at $30.80 on Wednesday. The stock has a market capitalization of $547.08, a PE ratio of 21.08, a PEG ratio of 2.64 and a beta of 1.00. People’s Utah Bancorp has a 12-month low of $21.80 and a 12-month high of $33.60.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. People’s Utah Bancorp’s dividend payout ratio (DPR) is presently 25.53%.
Several brokerages have commented on PUB. Zacks Investment Research downgraded People’s Utah Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine downgraded People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded People’s Utah Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th.
In other news, Director Jr. Fred W. Fairclough sold 1,700 shares of People’s Utah Bancorp stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $26.87, for a total transaction of $45,679.00. Following the completion of the sale, the director now owns 42,960 shares in the company, valued at approximately $1,154,335.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard T. Beard sold 12,170 shares of People’s Utah Bancorp stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $27.00, for a total value of $328,590.00. Following the sale, the chief executive officer now owns 117,850 shares of the company’s stock, valued at approximately $3,181,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 168,229 shares of company stock valued at $4,620,598. Corporate insiders own 25.21% of the company’s stock.
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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