Davis Capital Partners LLC Has $13.35 Million Stake in Peoples Utah Bancorp (PUB)

Davis Capital Partners LLC lifted its holdings in shares of Peoples Utah Bancorp (NASDAQ:PUB) by 68.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,307 shares of the bank’s stock after buying an additional 167,536 shares during the quarter. Peoples Utah Bancorp comprises approximately 1.6% of Davis Capital Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Davis Capital Partners LLC owned about 2.28% of Peoples Utah Bancorp worth $13,346,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. TIAA CREF Investment Management LLC grew its holdings in Peoples Utah Bancorp by 1.6% during the second quarter. TIAA CREF Investment Management LLC now owns 36,302 shares of the bank’s stock valued at $973,000 after purchasing an additional 558 shares during the period. Rhumbline Advisers grew its holdings in Peoples Utah Bancorp by 6.5% during the second quarter. Rhumbline Advisers now owns 15,041 shares of the bank’s stock valued at $403,000 after purchasing an additional 915 shares during the period. Teachers Advisors LLC grew its holdings in Peoples Utah Bancorp by 4.5% during the second quarter. Teachers Advisors LLC now owns 22,703 shares of the bank’s stock valued at $608,000 after purchasing an additional 987 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Peoples Utah Bancorp by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after purchasing an additional 1,156 shares during the period. Finally, Context BH Capital Management LP grew its holdings in Peoples Utah Bancorp by 2.7% during the second quarter. Context BH Capital Management LP now owns 53,683 shares of the bank’s stock valued at $1,439,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 31.82% of the company’s stock.

A number of research analysts recently issued reports on PUB shares. ValuEngine cut shares of Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Peoples Utah Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st.

In other news, Director Jr. Fred W. Fairclough sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.45, for a total value of $51,765.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jr. Fred W. Fairclough sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $31.32, for a total transaction of $62,640.00. The disclosure for this sale can be found here. Insiders sold 169,800 shares of company stock valued at $4,853,789 in the last quarter. Corporate insiders own 25.21% of the company’s stock.

Peoples Utah Bancorp (NASDAQ PUB) opened at $31.50 on Tuesday. The stock has a market cap of $565.11, a P/E ratio of 21.77, a P/E/G ratio of 2.73 and a beta of 0.98. Peoples Utah Bancorp has a 1-year low of $23.38 and a 1-year high of $33.60.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, November 3rd. Peoples Utah Bancorp’s dividend payout ratio (DPR) is presently 25.53%.

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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.

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

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