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NASDAQ:ALTA

Altabancorp Stock Forecast, Price & News

$42.67
+1.17 (+2.82 %)
(As of 05/13/2021 12:00 AM ET)
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Today's Range
$41.17
$42.93
50-Day Range
$40.90
$43.49
52-Week Range
$16.81
$44.67
Volume74,992 shs
Average Volume50,172 shs
Market Capitalization$805.35 million
P/E Ratio18.31
Dividend Yield1.45%
Beta0.99
30 days | 90 days | 365 days | Advanced Chart
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Altabancorp logo

About Altabancorp

Altabancorp operates as the bank holding company for Altabank, a state-chartered bank that provides retail and commercial banking products and services. The company accepts checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit. It also offers commercial real estate, residential mortgage, commercial and industrial, home equity and improvement, automobile, debt consolidation, general consumer, and small business association loans, as well as construction, acquisition, and development loans; and credit and debit cards. In addition, the company provides investment securities, such as the U.S. Agency issues, mortgage-backed securities, and municipal bonds; and online and mobile banking, automatic teller machine, treasury management, remote deposit capture, bill pay, cashier's check, money order, and safe deposit services. It serves real estate developers and contractors, small to medium sized businesses, individuals, and professionals and professional firms through 25 retail branches located in Utah, Salt Lake, Davis, Cache, Box Elder, and Washington Counties in Utah and in Preston, Idaho. The company was formerly known as People's Utah Bancorp and changed its name to Altabancorp in July 2020. Altabancorp was founded in 1905 and is headquartered in American Fork, Utah.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:ALTA
CUSIPN/A
CIKN/A
Phone801-642-3998
Employees471
Year FoundedN/A

Sales & Book Value

Annual Sales$134.23 million
Cash Flow$3.85 per share
Book Value$17.63 per share

Profitability

Net Income$44.32 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$805.35 million
Next Earnings Date8/4/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.51 out of 5 stars

Finance Sector

642nd out of 1,947 stocks

State Commercial Banks Industry

136th out of 308 stocks

Analyst Opinion: 1.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Altabancorp (NASDAQ:ALTA) Frequently Asked Questions

Is Altabancorp a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altabancorp in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Altabancorp stock.
View analyst ratings for Altabancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Altabancorp?

Wall Street analysts have given Altabancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Altabancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Altabancorp?

Altabancorp saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 270,900 shares, an increase of 20.3% from the March 31st total of 225,100 shares. Based on an average daily trading volume, of 50,300 shares, the short-interest ratio is presently 5.4 days. Currently, 2.3% of the company's shares are sold short.
View Altabancorp's Short Interest
.

When is Altabancorp's next earnings date?

Altabancorp is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Altabancorp
.

How were Altabancorp's earnings last quarter?

Altabancorp (NASDAQ:ALTA) released its quarterly earnings results on Tuesday, April, 27th. The company reported $0.50 EPS for the quarter, meeting analysts' consensus estimates of $0.50. Altabancorp had a net margin of 33.10% and a trailing twelve-month return on equity of 12.77%.
View Altabancorp's earnings history
.

How has Altabancorp's stock been impacted by COVID-19 (Coronavirus)?

Altabancorp's stock was trading at $0.66 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ALTA stock has increased by 6,365.2% and is now trading at $42.67.
View which stocks have been most impacted by COVID-19
.

How often does Altabancorp pay dividends? What is the dividend yield for Altabancorp?

Altabancorp announced a quarterly dividend on Wednesday, April 28th. Stockholders of record on Monday, May 10th will be given a dividend of $0.15 per share on Monday, May 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, May 7th.
View Altabancorp's dividend history
.

Is Altabancorp a good dividend stock?

Altabancorp pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.45%. The dividend payout ratio of Altabancorp is 25.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Altabancorp will have a dividend payout ratio of 33.33% next year. This indicates that Altabancorp will be able to sustain or increase its dividend.
View Altabancorp's dividend history.

What price target have analysts set for ALTA?

2 Wall Street analysts have issued 12-month target prices for Altabancorp's stock. Their forecasts range from $30.00 to $46.00. On average, they anticipate Altabancorp's share price to reach $38.00 in the next twelve months. This suggests that the stock has a possible downside of 10.9%.
View analysts' price targets for Altabancorp
or view top-rated stocks among Wall Street analysts.

Who are Altabancorp's key executives?

Altabancorp's management team includes the following people:
  • Mr. Len E. Williams, Pres, CEO & Director (Age 62, Pay $771.53k)
  • Mr. Mark K. Olson, Exec. VP & CFO (Age 57, Pay $458.28k)
  • Mr. Judd P. Kirkham, Exec. VP & Chief Credit Officer (Age 48, Pay $323.66k)
  • Mr. Judd J. Austin, Exec. VP & Chief Banking Officer of Altabank (Age 40, Pay $372.78k)
  • Mr. Ryan Howard Jones, Exec. VP & Chief Lending Officer of Altabank (Age 42, Pay $285.29k)
  • Ms. Christine Maebelle Linford, Sr. VP & Chief People Officer of Altabank (Age 46)
  • Ms. Adelaide Maudsley, Corp. Sec.

Who are some of Altabancorp's key competitors?

What is Altabancorp's stock symbol?

Altabancorp trades on the NASDAQ under the ticker symbol "ALTA."

Who are Altabancorp's major shareholders?

Altabancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.26%), Wasatch Advisors Inc. (2.59%), Geode Capital Management LLC (1.40%), Soltis Investment Advisors LLC (1.01%), Northern Trust Corp (0.93%) and Renaissance Technologies LLC (0.65%). Company insiders that own Altabancorp stock include & Susan Christiansen Fam Brett, Christine Maebelle Linford, Christopher Brett Christiansen, Hets Llc, Jr Fred W Fairclough, Judd J Austin, Len E Williams, Mark K Olson, Paul R Gunther, Robert Brent Anderson and Russell Gunther.
View institutional ownership trends for Altabancorp
.

Which major investors are selling Altabancorp stock?

ALTA stock was sold by a variety of institutional investors in the last quarter, including Soltis Investment Advisors LLC, Rockefeller Capital Management L.P., Renaissance Technologies LLC, Victory Capital Management Inc., Northern Trust Corp, Bank of Montreal Can, Acadian Asset Management LLC, and Alliancebernstein L.P.. Company insiders that have sold Altabancorp company stock in the last year include Christopher Brett Christiansen, Hets Llc, Jr Fred W Fairclough, Paul R Gunther, Robert Brent Anderson, and Russell Gunther.
View insider buying and selling activity for Altabancorp
or view top insider-selling stocks.

Which major investors are buying Altabancorp stock?

ALTA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Russell Investments Group Ltd., Diamond Hill Capital Management Inc., The Manufacturers Life Insurance Company , IndexIQ Advisors LLC, Wasatch Advisors Inc., Panagora Asset Management Inc., and Stockman Wealth Management Inc.. Company insiders that have bought Altabancorp stock in the last two years include & Susan Christiansen Fam Brett, Christine Maebelle Linford, Judd J Austin, Len E Williams, and Mark K Olson.
View insider buying and selling activity for Altabancorp
or or view top insider-buying stocks.

How do I buy shares of Altabancorp?

Shares of ALTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Altabancorp's stock price today?

One share of ALTA stock can currently be purchased for approximately $42.67.

How much money does Altabancorp make?

Altabancorp has a market capitalization of $805.35 million and generates $134.23 million in revenue each year. The company earns $44.32 million in net income (profit) each year or $2.33 on an earnings per share basis.

How many employees does Altabancorp have?

Altabancorp employs 471 workers across the globe.

What is Altabancorp's official website?

The official website for Altabancorp is www.altabancorp.com.

Where are Altabancorp's headquarters?

Altabancorp is headquartered at 1 EAST MAIN STREET, AMERICAN FORK UT, 84003.

How can I contact Altabancorp?

Altabancorp's mailing address is 1 EAST MAIN STREET, AMERICAN FORK UT, 84003. The company can be reached via phone at 801-642-3998 or via email at [email protected]


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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