O Shaughnessy Asset Management LLC Purchase New Holding in Peoples Utah Bancorp (PUB)

O Shaughnessy Asset Management LLC Purchase New Holding in Peoples Utah Bancorp (PUB)

O Shaughnessy Asset Management LLC bought a new position in shares of Peoples Utah Bancorp (NASDAQ:PUB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,646 shares of the bank’s stock, valued at approximately $520,000.

Other hedge funds have also added to or reduced their stakes in the company. Nationwide Fund Advisors raised its stake in Peoples Utah Bancorp by 2.8% in the first quarter. Nationwide Fund Advisors now owns 8,422 shares of the bank’s stock worth $223,000 after buying an additional 232 shares during the last quarter. James Investment Research Inc. raised its stake in Peoples Utah Bancorp by 0.4% in the first quarter. James Investment Research Inc. now owns 114,165 shares of the bank’s stock worth $3,020,000 after buying an additional 430 shares during the last quarter. American International Group Inc. raised its stake in Peoples Utah Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 8,003 shares of the bank’s stock worth $212,000 after buying an additional 533 shares during the last quarter. Context BH Capital Management LP raised its stake in Peoples Utah Bancorp by 2.7% in the first quarter. Context BH Capital Management LP now owns 52,283 shares of the bank’s stock worth $1,383,000 after buying an additional 1,363 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in Peoples Utah Bancorp by 3.3% in the fourth quarter. Martingale Asset Management L P now owns 83,467 shares of the bank’s stock worth $2,242,000 after buying an additional 2,658 shares during the last quarter. Institutional investors own 28.10% of the company’s stock.

Shares of Peoples Utah Bancorp (PUB) traded down 1.29% during mid-day trading on Monday, hitting $26.70. The company had a trading volume of 36,245 shares. The firm’s 50-day moving average price is $26.05 and its 200 day moving average price is $25.63. The company has a market capitalization of $478.68 million, a P/E ratio of 19.49 and a beta of 0.98. Peoples Utah Bancorp has a one year low of $16.17 and a one year high of $29.35.

Peoples Utah Bancorp (NASDAQ:PUB) last released its quarterly earnings data on Wednesday, April 26th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $21.92 million during the quarter, compared to the consensus estimate of $22.30 million. Peoples Utah Bancorp had a return on equity of 11.30% and a net margin of 29.75%. Analysts predict that Peoples Utah Bancorp will post $1.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. Peoples Utah Bancorp’s payout ratio is currently 24.62%.

A number of analysts have recently issued reports on the company. ValuEngine upgraded Peoples Utah Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered Peoples Utah Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PUB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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