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Altabancorp (ALTA)

Stock Price: $22.38 USD 0.03 (0.13%)
Updated Oct 21, 2020 3:11 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 420.61M
Revenue (ttm) 120.35M
Net Income (ttm) 43.94M
Shares Out 18.79M
EPS (ttm) 2.31
PE Ratio 9.69
Forward PE 13.37
Dividend $0.52
Dividend Yield 2.32%

Stock Quote

Trading Day Oct 21, 2020
Last Price $22.38
Previous Close $22.35
Change ($) 0.03
Change (%) 0.13%
Day's Open 22.26
Day's Range 22.01 - 22.56
Day's Volume 8,925
52-Week Range 13.55 - 31.27

More Stats

Market Cap 420.61M
Enterprise Value 180.26M
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date Aug 7, 2020
Shares Outstanding 18.79M
Float 11.54M
EPS (basic) 2.33
EPS (diluted) 2.31
FCF / Share 2.22
Dividend $0.52
Dividend Yield 2.32%
Earnings Yield 10.32%
FCF Yield 9.92%
Payout Ratio 23.20%
Shares Short 180,519
Short Ratio 4.68
Short % of Float 1.56%
Beta 0.83
PE Ratio 9.69
Forward PE 13.37
P/FCF Ratio 10.08
PS Ratio 3.49
PB Ratio 1.19
Revenue 120.35M
Operating Income 57.26M
Net Income 43.94M
Free Cash Flow 41.71M
Net Cash 240.35M
Net Cash / Share 12.79
Gross Margin 98.13%
Operating Margin 47.58%
Profit Margin 36.50%
FCF Margin 34.66%
ROA 1.63%
ROE 13.26%
ROIC 2.50%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 1
Overweight 1
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$23.00*
(2.77% upside)
Low
22.0
Current: $22.38
High
24.0
Target: 23.00
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015201420132012
Revenue11811592.2883.5976.6468.4855.0945.29
Revenue Growth2.98%24.27%10.4%9.06%11.92%24.31%21.63%-
Gross Profit11811592.2883.5976.6468.4855.0945.29
Operating Income57.8352.6936.3236.8831.8925.2919.7915.49
Net Income44.3240.6319.8523.6119.6114.9111.889.24
Shares Outstanding18.8218.6818.0217.7316.2614.6812.9012.16
Earnings Per Share2.332.141.081.301.170.980.890.74
EPS Growth8.88%98.15%-16.92%11.11%19.39%10.11%20.27%-
Dividend Per Share0.490.410.340.290.12---
Dividend Growth19.51%20.59%17.24%141.67%----
Operating Cash Flow54.7658.3337.4125.8922.7419.6621.312.12
Capital Expenditures-4.49-9.39-7.34-2.35-1.82-2.06-2.72-2.08
Free Cash Flow50.2748.9430.0823.5420.9217.6018.590.04
Cash & Equivalents21248.5551.0367.9442.3547.7094.41-
Total Debt--40.003.2027.201.501.10-
Net Cash / Debt21248.5511.0364.7415.1546.2193.31-
Assets2,4062,1842,1241,6661,5561,3671,299-
Liabilities2,0741,8941,8661,4371,3471,2091,156-
Book Value332290257229209158144-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Altabancorp
Country United States
Employees 490
CEO Len E. Williams

Stock Information

Ticker Symbol ALTA
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: ALTA

Description

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.