Altabancorp Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altabancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Altabancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTA, but not buy additional shares or sell existing shares.
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Altabancorp saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 374,500 shares, an increase of 43.9% from the April 29th total of 260,200 shares. Based on an average daily trading volume, of 75,300 shares, the days-to-cover ratio is currently 5.0 days. Currently, 3.2% of the company's stock are short sold.
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Altabancorp is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Altabancorp.

Altabancorp (NASDAQ:ALTA) issued its quarterly earnings results on Tuesday, April, 27th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.50. Altabancorp had a trailing twelve-month return on equity of 11.78% and a net margin of 32.29%.
View Altabancorp's earnings history.

Altabancorp's stock was trading at $0.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ALTA stock has increased by 6,753.0% and is now trading at $45.23.
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Altabancorp declared a quarterly dividend on Wednesday, April 28th. Investors of record on Monday, May 10th will be paid a dividend of $0.15 per share on Monday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 7th.
View Altabancorp's dividend history.

Altabancorp pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.34%. The dividend payout ratio of Altabancorp is 26.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Altabancorp will have a dividend payout ratio of 25.86% next year. This indicates that Altabancorp will be able to sustain or increase its dividend.
View Altabancorp's dividend history.

2 brokerages have issued 12 month target prices for Altabancorp's shares. Their forecasts range from $46.00 to $49.00. On average, they anticipate Altabancorp's share price to reach $47.50 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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Some companies that are related to Altabancorp include Texas Capital Bancshares (TCBI), Associated Banc (ASB), Independent Bank Group (IBTX), Cathay General Bancorp (CATY), Hilltop (HTH), Atlantic Union Bankshares (AUB), BancorpSouth Bank (BXS), CVB Financial (CVBF), Columbia Banking System (COLB), International Bancshares (IBOC), United Community Banks (UCBI), First Interstate BancSystem (FIBK), First BanCorp. (FBP), Independent Bank (INDB) and Silvergate Capital (SI).
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Altabancorp trades on the NASDAQ under the ticker symbol "ALTA."

Altabancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.26%), Dimensional Fund Advisors LP (2.83%), Wasatch Advisors Inc. (2.59%), Ameriprise Financial Inc. (1.57%), Geode Capital Management LLC (1.40%) and Soltis Investment Advisors LLC (1.01%). 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.

ALTA stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, Soltis Investment Advisors LLC, Rockefeller Capital Management L.P., Renaissance Technologies LLC, Victory Capital Management Inc., Morgan Stanley, Northern Trust Corp, and Bank of Montreal Can. 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.

ALTA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., EP Wealth Advisors LLC, Russell Investments Group Ltd., Diamond Hill Capital Management Inc., Ameriprise Financial Inc., The Manufacturers Life Insurance Company, IndexIQ Advisors LLC, and Wasatch Advisors 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.

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.
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One share of ALTA stock can currently be purchased for approximately $45.23.

Altabancorp has a market capitalization of $853.67 million and generates $133.17 million in revenue each year. The company earns $43.50 million in net income (profit) each year or $2.29 on an earnings per share basis.

Altabancorp employs 471 workers across the globe.

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

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

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]