Macquarie Group Ltd. Buys Shares of 5,600 Peoples Utah Bancorp (PUB)

Macquarie Group Ltd. bought a new position in Peoples Utah Bancorp (NASDAQ:PUB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,600 shares of the bank’s stock, valued at approximately $182,000.

A number of other hedge funds have also recently modified their holdings of PUB. SG Americas Securities LLC acquired a new position in shares of Peoples Utah Bancorp during the 2nd quarter valued at about $163,000. California Public Employees Retirement System acquired a new position in shares of Peoples Utah Bancorp during the 1st quarter valued at about $243,000. Alliancebernstein L.P. acquired a new position in shares of Peoples Utah Bancorp during the 2nd quarter valued at about $247,000. OxFORD Asset Management LLP acquired a new position in shares of Peoples Utah Bancorp during the 2nd quarter valued at about $264,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Peoples Utah Bancorp by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,135 shares of the bank’s stock valued at $326,000 after acquiring an additional 1,156 shares during the last quarter. 31.82% of the stock is currently owned by institutional investors.

In related news, Director Jr. Fred W. Fairclough sold 1,700 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $31.08, for a total transaction of $52,836.00. Following the completion of the sale, the director now owns 77,476 shares in the company, valued at approximately $2,407,954.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Wolfgang T. N. Muelleck sold 18,769 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $30.60, for a total value of $574,331.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,100 shares of company stock worth $2,157,166. 25.21% of the stock is currently owned by insiders.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Peoples Utah Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. ValuEngine lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th.

Peoples Utah Bancorp (NASDAQ:PUB) opened at $30.70 on Thursday. The company has a market capitalization of $576.82, a PE ratio of 22.22, a PEG ratio of 2.79 and a beta of 0.98. Peoples Utah Bancorp has a fifty-two week low of $23.95 and a fifty-two week high of $33.60.

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

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