NASDAQ:ALTA

Altabancorp Stock Forecast, Price & News

$32.35

+0.10 (+0.31 %)

(As of 01/21/2021 12:39 PM ET)

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Today's Range

$32.00

Now: $32.35▼

$32.61

50-Day Range

$26.30

MA: $28.27▼

$31.37

52-Week Range

$13.55

Now: $32.35▼

$32.47

Volume2,316 shs

Average Volume43,757 shs

Market Capitalization$608.28 million

P/E Ratio13.88

Dividend Yield1.91%

Beta0.99

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 various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit. Its loan products include commercial and residential real estate lending comprising acquisition and development loans, construction loans, and mortgage financing; commercial and industrial loans; consumer loans consisting of home equity loans, home improvement loans, automobile loans, debt consolidation loans, and general consumer lending; and SBA loans. The company also offers credit and debit cards; investment securities, such as U.S. Agency issues, mortgage-backed securities, and municipal bonds; and mobile and Internet banking, automatic teller machine, treasury management, remote deposit capture, bill pay, cashier's checks, money orders, and safe deposit services. It serves real estate developers and contractors, small to medium sized businesses, individuals, and professionals and professional firms through 26 retail branches located in Utah and southern 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.

Overall MarketRank^™

1.42 out of 5 stars

Finance Sector

742nd out of 1,942 stocks

State Commercial Banks Industry

163rd out of 310 stocks

1.5 Analyst's Opinion

Consensus Rating
Altabancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, Altabancorp has a forecasted downside of 6.7% from its current price of $32.17.
Amount of Analyst Coverage
Altabancorp has only been the subject of 1 research reports in the past 90 days.

1.0 Community Rank

Outperform Votes
Altabancorp has received 1 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Altabancorp has received 4 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Altabancorp has received 80.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Altabancorp and other stocks. Vote “Outperform” if you believe ALTA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ALTA will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Altabancorp pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Altabancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Altabancorp is 25.75%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altabancorp insiders have sold 768.49% more of their company's stock than they have bought. Specifically, they have bought $61,200.00 in company stock and sold $531,515.00 in company stock.
Percentage Held by Insiders
Only 16.17% of the stock of Altabancorp is held by insiders.
Percentage Held by Institutions
47.53% of the stock of Altabancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Altabancorp are expected to decrease by -20.00% in the coming year, from $2.25 to $1.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altabancorp is 13.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.90.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altabancorp is 13.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.02.
Price to Book Value per Share Ratio
Altabancorp has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:ALTA

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.altabancorp.com

Phone801-642-3998

Employees490

Debt

Debt-to-Equity RatioN/A

Current Ratio0.69

Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio13.88

Forward P/E Ratio14.38

P/E GrowthN/A

Sales & Book Value

Annual Sales$134.23 million

Price / Sales4.53

Cash Flow$2.92 per share

Price / Cash Flow11.08

Book Value$17.63 per share

Price / Book1.83

Profitability

EPS (Most Recent Fiscal Year)$2.33

Net Income$44.32 million

Net Margins33.10%

Return on Equity12.77%

Return on Assets1.59%

Miscellaneous

Outstanding Shares18,803,000

Market Cap$608.28 million

Next Earnings Date1/27/2021 (Confirmed)

OptionableNot Optionable

$32.35

+0.10 (+0.31 %)

(As of 01/21/2021 12:39 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Altabancorp (NASDAQ:ALTA) Frequently Asked Questions

How has Altabancorp's stock been impacted by Coronavirus?

Altabancorp's stock was trading at $0.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ALTA stock has increased by 4,786.4% and is now trading at $32.25.
View which stocks have been most impacted by COVID-19.

Is Altabancorp a buy right now?

2 Wall Street equities 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 equities research analysts is that investors should "buy" Altabancorp stock.
View analyst ratings for Altabancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Altabancorp?

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

What is Doug Parker's approval rating as Altabancorp's CEO?

1,428 employees have rated Altabancorp CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among Altabancorp's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Altabancorp's next earnings date?

Altabancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Altabancorp.

How can I listen to Altabancorp's earnings call?

Altabancorp will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Altabancorp's earnings last quarter?

Altabancorp (NASDAQ:ALTA) posted its quarterly earnings data on Wednesday, October, 28th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.07. The business had revenue of $31.91 million for the quarter, compared to the consensus estimate of $31.27 million. Altabancorp had a return on equity of 12.77% and a net margin of 33.10%.
View Altabancorp's earnings history.

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

Altabancorp announced a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $0.15 per share on Monday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 6th.
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 1.91%. 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 equities research analysts have issued twelve-month price targets for Altabancorp's shares. Their forecasts range from $30.00 to $30.00. On average, they anticipate Altabancorp's share price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 7.0%.
View analysts' price targets for Altabancorp or view Wall Street analyst' top-rated stocks.

Who are some of Altabancorp's key competitors?

Some companies that are related to Altabancorp include ServisFirst Bancshares (SFBS), First BanCorp. (FBP), Renasant (RNST), Live Oak Bancshares (LOB), TowneBank (TOWN), Seacoast Banking Co. of Florida (SBCF), Banner (BANR), FB Financial (FBK), Heartland Financial USA (HTLF), Lakeland Financial (LKFN), Eagle Bancorp (EGBN), Veritex (VBTX), Triumph Bancorp (TBK), Great Western Bancorp (GWB) and First Busey (BUSE).
View all of ALTA's competitors.

Who are Altabancorp's key executives?

Altabancorp's management team includes the following people:

Mr. Len E. Williams, Pres, CEO & Director (Age 62, Pay $765.87k)
Mr. Mark K. Olson, Exec. VP & CFO (Age 57, Pay $450.44k)
Mr. Judd P. Kirkham, Exec. VP & Chief Credit Officer (Age 47)
Mr. Judd J. Austin, Sr. VP & Chief Banking Officer (Age 39)
Ms. Adelaide Maudsley, Corp. Sec.

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 institutional and retail investors. Top institutional investors include Denali Advisors LLC (0.01%). 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.

Which institutional investors are buying Altabancorp stock?

ALTA stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC. 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.

What is Altabancorp's stock price today?

One share of ALTA stock can currently be purchased for approximately $32.25.

How big of a company is Altabancorp?

Altabancorp has a market capitalization of $606.40 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. Altabancorp employs 490 workers across the globe.

What is Altabancorp's official website?

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

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 1/21/2021 by MarketBeat.com Staff

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