How were Altabancorp's earnings last quarter?

Altabancorp (NASDAQ:ALTA) announced its quarterly earnings data on Tuesday, July, 27th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.22. The firm earned $30.59 million during the quarter, compared to analysts' expectations of $30.26 million. Altabancorp had a net margin of 34.49% and a trailing twelve-month return on equity of 12.27%.

Is Altabancorp a good dividend stock?

Altabancorp (NASDAQ:ALTA) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 29.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALTA will have a dividend payout ratio of 29.44% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ALTA .

NASDAQ:ALTA

Altabancorp (ALTA) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $44.08
▼
$45.20
50-Day Range: $39.71
▼
$44.72
52-Week Range: $19.66
▼
$47.80

Volume: 438,569 shs
Average Volume: 76,245 shs
Market Capitalization: $834.05 million

P/E Ratio: 18.79
Dividend Yield: 1.54%
Price Target: N/A

Stock Analysis

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About Altabancorp Stock (NASDAQ:ALTA)

Altabancorp is a bank holding company, which through its subsidiaries, engages in the provision of retail and commercial banking products and services to small and medium sized businesses and individuals. The company was founded in 1905 and is headquartered in American Fork, UT.

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ALTA Stock News Headlines

February 22, 2023 | seekingalpha.com

GBCI Glacier Bancorp, Inc.

June 10, 2022 | investing.com

ICICI Bank Ltd (ICBK)

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February 3, 2022 | forbes.com

America’s Best Banks 2022

October 5, 2021 | msn.com

Glacier (GBCI) Concludes Altabancorp Buyout, Expands in Utah

September 19, 2021 | nasdaq.com

Altabancorp's (NASDAQ:ALTA) investors will be pleased with their impressive 111% return over the last five years

September 19, 2021 | finance.yahoo.com

Investors in Altabancorp (NASDAQ:ALTA) have made a impressive return of 111% over the past five years

September 18, 2021 | benzinga.com

Altabancorp Declares Special Dividend Of $0.46/Share

April 17, 2024 | Insiders Exposed (Ad)

This consistently signaled gains of 453%... 610%... and even 1036%...

August 23, 2021 | finance.yahoo.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates ALTA, TGRF, HBMD, SIC; Shareholders are Encouraged to Contact the Firm

August 20, 2021 | finance.yahoo.com

SHAREHOLDER ALERT: WeissLaw LLP Reminds CAI, XENT, STFR, and ALTA Shareholders About Its Ongoing Investigations

August 14, 2021 | finance.yahoo.com

Lifshitz Law Firm, P.C. Announces Investigation of ALTA, GPX, HBMD, and IEC

August 6, 2021 | seekingalpha.com

Altabancorp goes ex-dividend tomorrow

July 28, 2021 | finance.yahoo.com

Altabancorp (ALTA) Q2 Earnings and Revenues Surpass Estimates

July 28, 2021 | finance.yahoo.com

Altabancorp™ Reports Second Quarter 2021 Financial Results

July 27, 2021 | finance.yahoo.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates ALTA, FFWM, CLDB, MMAC; Shareholders are Encouraged to Contact the Firm

July 27, 2021 | finance.yahoo.com

Lifshitz Law Firm, P.C. Announces Investigation of ALTA, CORE, LONE, and RTPY

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Company Calendar

Last Earnings: 7/27/2021
Today: 4/17/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State Commercial Banks
Sub-Industry: N/A
Current Symbol: NASDAQ:ALTA
CUSIP: N/A
CIK: 1636286
Web: www.altabancorp.com
Phone: (801) 642-3998
Fax: N/A
Employees: 471
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.29
Trailing P/E Ratio: 18.79
Forward P/E Ratio: 19.80
P/E Growth: N/A
Net Income: $43.50 million
Net Margins: 34.49%
Pretax Margin: 45.49%
Return on Equity: 12.27%
Return on Assets: 1.31%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.61
Quick Ratio: 0.61

Sales & Book Value

Annual Sales: $133.17 million
Price / Sales: 6.26
Cash Flow: $2.88 per share
Price / Cash Flow: 15.33
Book Value: $19.74 per share
Price / Book: 2.24

Miscellaneous

Outstanding Shares: 18,887,000
Free Float: 15,833,000
Market Cap: $834.05 million
Optionable: Not Optionable
Beta: 0.95

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Key Executives

Len E. Williams
President, Chief Executive Officer & Director
Mark K. Olson
Chief Financial Officer & Executive VP
David G. Anderson
Director, Chief Credit Officer & Senior VP
Christine Maebelle Linford
Chief People Officer & Senior Vice President
Adelaide Maudsley
Secretary

Key Competitors

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ALTA Stock Analysis - Frequently Asked Questions

How were Altabancorp's earnings last quarter?: Altabancorp (NASDAQ:ALTA) announced its quarterly earnings data on Tuesday, July, 27th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.22. The firm earned $30.59 million during the quarter, compared to analysts' expectations of $30.26 million. Altabancorp had a net margin of 34.49% and a trailing twelve-month return on equity of 12.27%.
Is Altabancorp a good dividend stock?: Altabancorp (NASDAQ:ALTA) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 29.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALTA will have a dividend payout ratio of 29.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALTA.

This page (NASDAQ:ALTA) was last updated on 4/17/2024 by MarketBeat.com Staff

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Altabancorp (ALTA) Stock Price, News & Analysis

About Altabancorp Stock (NASDAQ:ALTA)

ALTA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

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ALTA Stock Analysis - Frequently Asked Questions

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