Forest Hill Capital LLC lifted its holdings in Peoples Utah Bancorp (NASDAQ:PUB) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 416,589 shares of the bank’s stock after acquiring an additional 2,500 shares during the period. Peoples Utah Bancorp accounts for approximately 3.6% of Forest Hill Capital LLC’s holdings, making the stock its 7th biggest holding. Forest Hill Capital LLC owned 2.25% of Peoples Utah Bancorp worth $12,623,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in PUB. Macquarie Group Ltd. bought a new stake in Peoples Utah Bancorp in the third quarter worth about $182,000. Crewe Advisors LLC bought a new stake in Peoples Utah Bancorp in the fourth quarter worth about $303,000. The Manufacturers Life Insurance Company lifted its stake in Peoples Utah Bancorp by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock worth $326,000 after purchasing an additional 1,156 shares during the last quarter. Cardinal Capital Management LLC CT lifted its stake in Peoples Utah Bancorp by 25.6% in the fourth quarter. Cardinal Capital Management LLC CT now owns 10,783 shares of the bank’s stock worth $327,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Peoples Utah Bancorp by 15.9% in the third quarter. Wells Fargo & Company MN now owns 14,917 shares of the bank’s stock worth $408,000 after purchasing an additional 2,047 shares during the last quarter. 34.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Peoples Utah Bancorp (NASDAQ PUB) opened at $32.95 on Wednesday. Peoples Utah Bancorp has a 12 month low of $24.63 and a 12 month high of $33.90. The firm has a market cap of $611.36, a P/E ratio of 21.87, a PEG ratio of 2.04 and a beta of 0.96.
Peoples Utah Bancorp (NASDAQ:PUB) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The company had revenue of $28.47 million for the quarter, compared to analyst estimates of $27.39 million. Peoples Utah Bancorp had a net margin of 19.74% and a return on equity of 11.67%. equities analysts predict that Peoples Utah Bancorp will post 2.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, February 2nd. Peoples Utah Bancorp’s payout ratio is 33.33%.
In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $30.14, for a total transaction of $51,238.00. Following the transaction, the director now directly owns 75,776 shares of the company’s stock, valued at $2,283,888.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of Peoples Utah Bancorp stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $31.15, for a total transaction of $62,300.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,200 shares of company stock worth $624,891. 25.21% of the stock is currently owned by corporate insiders.
Several brokerages have issued reports on PUB. BidaskClub raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Raymond James Financial began coverage on shares of Peoples Utah Bancorp in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $35.00 price objective for the company. Zacks Investment Research raised shares of Peoples Utah Bancorp from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Wednesday, December 27th. Finally, ValuEngine downgraded shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.00.
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Peoples Utah Bancorp 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.
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