NASDAQ:ALTA

Altabancorp Stock Forecast, Price & News

$27.70

+0.19 (+0.69 %)

(As of 11/25/2020 12:00 AM ET)

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Today's Range

$26.77

Now: $27.70▼

$28.00

50-Day Range

$21.06

MA: $23.77▼

$27.51

52-Week Range

$13.55

Now: $27.70▼

$31.27

Volume18,888 shs

Average Volume37,337 shs

Market Capitalization$520.84 million

P/E Ratio11.89

Dividend Yield2.18%

Beta0.84

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.

Beat the Market (BTM) Rank^™

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 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, Altabancorp has a forecasted upside of 8.3% from its current price of $27.70.
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 2.18%, 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 31.91% next year. This indicates that Altabancorp will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altabancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 16.17% of the stock of Altabancorp is held by insiders.
Percentage Held by Institutions
Only 27.93% of the stock of Altabancorp is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Altabancorp are expected to decrease by -16.44% in the coming year, from $2.25 to $1.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altabancorp is 11.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altabancorp is 11.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.22.
Price to Book Value per Share Ratio
Altabancorp has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.25 out of 5 stars

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 Ratio11.89

Forward P/E Ratio12.31

P/E GrowthN/A

Sales & Book Value

Annual Sales$134.23 million

Price / Sales3.88

Cash Flow$2.74 per share

Price / Cash Flow10.11

Book Value$19.16 per share

Price / Book1.45

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$520.84 million

Next Earnings Date1/26/2021 (Estimated)

OptionableNot Optionable

$27.70

+0.19 (+0.69 %)

(As of 11/25/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Altabancorp (NASDAQ:ALTA) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Altabancorp?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altabancorp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Altabancorp.

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 winning trading ideas this year 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.

When is Altabancorp's next earnings date?

Altabancorp is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Altabancorp.

How were Altabancorp's earnings last quarter?

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

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

Altabancorp declared a quarterly dividend on Thursday, October 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 6th.
View Altabancorp's dividend history.

What price target have analysts set for ALTA?

1 Wall Street analysts have issued 12-month price targets for Altabancorp's stock. 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 a possible upside of 8.3% from the stock's current price.
View analysts' price targets for Altabancorp.

Who are some of Altabancorp's key competitors?

Some companies that are related to Altabancorp include Live Oak Bancshares (LOB), First BanCorp. (FBP), Renasant (RNST), TowneBank (TOWN), FB Financial (FBK), Banner (BANR), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Lakeland Financial (LKFN), Eagle Bancorp (EGBN), Triumph Bancorp (TBK), First Busey (BUSE), Veritex (VBTX), TriCo Bancshares (TCBK) and 1st Source (SRCE).
View all competitors.

Who are Altabancorp's key executives?

Altabancorp's management team includes the following people:

Mr. Len E. Williams, Pres, CEO & Director (Age 61, Pay $765.87k)
Mr. Mark K. Olson, Exec. VP & CFO (Age 56, Pay $450.44k)
Mr. Judd P. Kirkham, Exec. VP & Chief Credit Officer (Age 46)
Mr. Judd J. Austin, Sr. VP & Chief Banking Officer (Age 38)
Ms. Adelaide Maudsley, Corp. Sec.

What is Altabancorp's stock symbol?

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

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 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 $27.70.

How big of a company is Altabancorp?

Altabancorp has a market capitalization of $520.84 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 11/26/2020 by MarketBeat.com Staff

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