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Altabancorp (ALTA)

NASDAQ: ALTA · Delayed Price · USD
41.57 1.17 (2.90%)
Sep 23, 2021 4:00 PM EDT - Market closed
Market Cap775.14M
Revenue (ttm)127.85M
Net Income (ttm)44.53M
Shares Out18.88M
EPS (ttm)2.34
PE Ratio17.76
Forward PE18.45
Dividend$0.62 (1.49%)
Ex-Dividend DateAug 6, 2021
Volume330,440
Open40.72
Previous Close40.40
Day's Range40.64 - 41.80
52-Week Range18.41 - 47.60
Beta0.94
AnalystsBuy
Price Target44.33 (+6.6%)
Est. Earnings DateOct 27, 2021

About ALTA

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 checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit. It also offers commercial real estate, residential mortgage, commercial and industrial, home equity and improvement, automobile, debt consolidation, general consumer, and small business association loans, as well as construction, acqu...

IndustryPersonal Products
Founded1905
CEOLen Williams
Employees471
Stock ExchangeNASDAQ
Ticker SymbolALTA
Full Company Profile

Financial Performance

In 2020, Altabancorp's revenue was $123.40 million, an increase of 4.48% compared to the previous year's $118.10 million. Earnings were $43.50 million, a decrease of -1.85%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for Altabancorp stock is "Buy." The 12-month stock price forecast is 44.33, which is an increase of 6.64% from the latest price.

Price Target
$44.33
(6.64% upside)
Analyst Consensus: Buy

News

Altabancorp (ALTA) Q2 Earnings and Revenues Surpass Estimates

Altabancorp (ALTA) delivered earnings and revenue surprises of 24.07% and 1.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Altabancorp™ Reports Second Quarter 2021 Financial Results

AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “ALTA”), the parent company of Altabank™, reported net income of $12.7 million for the second quarter of 2021, compare...

1 month ago - Business Wire

Analysts Estimate Altabancorp (ALTA) to Report a Decline in Earnings: What to Look Out for

Altabancorp (ALTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

AltabancorpTM Schedules Second Quarter Earnings Release Date

AMERICAN FORK, Utah--(BUSINESS WIRE)--AltabancorpTM (Nasdaq: ALTA) announced that it will report its second quarter 2021 financial results on Wednesday, July 28, 2021 after the market closes. The Compan...

2 months ago - Business Wire

Are You Looking for a Top Momentum Pick? Why Altabancorp (ALTA) is a Great Choice

Does Altabancorp (ALTA) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 months ago - Zacks Investment Research

SHAREHOLDER ALERT: Halper Sadeh LLP Investigates XOG, ALTA, MMAC, XEC, MNR; Shareholders are Encouraged to Contact th...

NEW YORK, May 25, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Extraction Oil & Gas, Inc. (NASDAQ: XOG)  concerning po...

Other symbols:MMACMNRXECXOG
3 months ago - PRNewsWire

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Altabancorp - ALTA

NEW YORK, May 21, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action...

4 months ago - PRNewsWire

ALTABANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy ...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Altabancorp (Nasda...

4 months ago - Business Wire

Altabancorp (ALTA) Soars 10%: Is Further Upside Left in the Stock?

Altabancorp (ALTA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

4 months ago - Zacks Investment Research

SHAREHOLDER ALERT: WeissLaw LLP Investigates Altabancorp

NEW YORK, May 19, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altabancorp ("ALTA" or the "Company") (N...

Other symbols:GBCI
4 months ago - PRNewsWire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Altabancorp

NEW YORK, May 19, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Altabancorp (NASDAQ: ALTA) and its board of directors concerning the proposed acquisition o...

Other symbols:GBCI
4 months ago - PRNewsWire

Glacier Bancorp (GBCI) to Buy Altabancorp (ALTA) for $933.5M

Glacier Bancorp's (GBCI) latest deal to acquire Altabancorp (ALTA) will further solidify the company's presence in the Utah market.

Other symbols:GBCI
4 months ago - Zacks Investment Research

Altabancorp Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Altabancorp Is Fa...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Altabancorp (NASDAQ: ALTA) to Glacier Bancorp, Inc. is fair to Altabancorp shareholde...

4 months ago - Business Wire

AltabancorpTM Announces Acquisition by Glacier Bancorp, Inc.

AMERICAN FORK, UTAH--(BUSINESS WIRE)--AltabancorpTM (Nasdaq: ALTA) (the “Company” or “Alta”) announced today the signing of a definitive agreement with Glacier Bancorp, Inc. (“Glacier” or the “Company”)...

Other symbols:GBCI
4 months ago - Business Wire

Altabancorp (ALTA) Q1 Earnings Match Estimates

Altabancorp (ALTA) delivered earnings and revenue surprises of 0.00% and -4.00%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Altabancorp™ Reports First Quarter 2021 Financial Results

AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”), the parent company of Altabank™, reported net income of $9.4 million for the first quarter of 2021, compared ...

4 months ago - Business Wire

Altabancorp (ALTA) Expected to Beat Earnings Estimates: Should You Buy?

Altabancorp (ALTA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

Altabancorp™ Schedules First Quarter Earnings Release Date and Conference Call

AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) announced that it will report its first quarter 2021 financial results on Wednesday, April 28, 2021 after the market closes. Management ...

5 months ago - Business Wire

Strength Seen in Altabancorp (ALTA): Can Its 5.4% Jump Turn into More Strength?

Altabancorp (ALTA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

6 months ago - Zacks Investment Research

Altabancorp™ Comments on Gunther Family 13D Group Statements

AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “ALTA”), the parent company of Altabank™, issued the following statement in response to the proxy materials filed by t...

6 months ago - Business Wire

How Altabancorp (ALTA) Stock Stands Out in a Strong Industry

Altabancorp (ALTA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

7 months ago - Zacks Investment Research

Altabancorp's (ALTA) CEO Len Williams on Q4 2020 Results - Earnings Call Transcript

Altabancorp's (ALTA) CEO Len Williams on Q4 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

Altabancorp (ALTA) Q4 Earnings and Revenues Beat Estimates

Altabancorp (ALTA) delivered earnings and revenue surprises of 7.41% and 2.35%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Altabancorp™ Reports Fourth Quarter and Year-End 2020 Results

AMERICAN FORK, Utah--(BUSINESS WIRE)--AltabancorpTM (Nasdaq: ALTA) (the “Company” or “Alta”), the parent company of AltabankTM, reported net income of $11.1 million for the fourth quarter of 2020, compa...

7 months ago - Business Wire

Altabancorp™ Board Confirms Receipt of Letter From Gunther Family 13D Group

AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”), the parent company of Altabank™, confirmed that its Board of Directors has received a letter (“Letter”) from ...

8 months ago - Business Wire