Altabancorp (ALTA): Price and Financial Metrics


Altabancorp (ALTA): $35.18

0.28 (+0.80%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Price chart for ALTA

ALTA Price/Volume Stats

Current price $35.18 52-week high $36.63
Prev. close $34.90 52-week low $13.55
Day low $33.63 Volume 11,369
Day high $35.48 Avg. volume 49,776
50-day MA $31.74 Dividend yield 1.72%
200-day MA $24.62 Market Cap 661.49M

Altabancorp (ALTA) Company Bio


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.


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Latest ALTA News From Around the Web

Below are the latest news stories about Altabancorp that investors may wish to consider to help them evaluate ALTA as an investment opportunity.

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

Altabancorp (ALTA) Q4 2020 Earnings Conference Call January 28, 2021 12:00 PM ET Company Participants Mark Olson – Chief Financial Officer Len Williams – President and Chief Executive Officer Conference Call Participants David Feaster – Raymond James Andrew Liesch – Piper Sandler John Rodis – Janney Presentation Operator Ladies and...

SA Transcripts on Seeking Alpha | January 28, 2021

Altabancorp™ Reports Fourth Quarter and Year-End 2020 Results

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, compared with $11.3 million for the third quarter of 2020, and $11.7 million for the fourth quarter of 2019. Diluted earnings per common share were $0.58 for the fourth quarter of 2020, compared with $0.60 for the third quarter of 2020, and $0.61 for the fourth quarter of 2019. For the twelve months ended December 31, 2020 net income was $43.5 million, or $2.29 per diluted common share, compared with $44.3 million, or $2.33 per diluted common share, for the same period a year earlier.

Yahoo | January 27, 2021

Altabancorp™ Schedules Fourth Quarter and Year-End 2020 Earnings Release Date and Conference Call

AltabancorpTM (Nasdaq: ALTA) announced that it will report its fourth quarter and year-end 2020 financial results on Wednesday, January 27, 2021 after the market closes. Management will host a conference call on Thursday, January 28, 2021 at 10:00 a.m. MST (12:00 p.m. EST) to discuss the Company’s financial performance.

Yahoo | January 8, 2021

Altabancorp™ Announces Renewed Share Repurchase Program

Altabancorp™ (Nasdaq: ALTA) (the "Company" or "Alta") announced that the Board of Directors has authorized a share repurchase program for up to 940,000 shares (the "Repurchase Plan"), which represents approximately 5% of the Company’s outstanding shares as of November 15, 2020, in accordance with the Company’s overall capital goals. The Repurchase Plan effectively represents a renewal of the Company’s prior repurchase plan that lapsed September 30, 2020. The Repurchase Plan remains in effect through November 30, 2021.

Yahoo | November 20, 2020

Altabancorp™ Reports Second Quarter 2020 Results

Second Quarter 2020 Highlights * Total assets grew $754 million, or 33%, year-over-year to $3.1 billion at June 30, 2020. * Total deposits grew $631 million, or 32%, year-over-year to $2.6 billion at June 30, 2020. * Loans declined $13.6 million, or 0.8%, year-over-year to $1.7 billion as the Company has further tightened underwriting standards and reduced loan concentrations, which was offset by the funding of $84.6 million in SBA PPP loans. * Cash and liquid investments securities totaled $1.3 billion, or 42% of total assets, at June 30, 2020. * Tangible equity plus allowance for credit losses totaled $364 million, or 22.0% of total loans held for investment, at June 30, 2020, which provides overall credit protection for both expected and unexpected credit losses ...

Yahoo | July 30, 2020

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ALTA Price Returns

1-mo 5.48%
3-mo 28.82%
6-mo 71.23%
1-year 44.27%
3-year 21.94%
5-year 152.80%
YTD 26.56%
2020 -4.97%
2019 1.60%
2018 0.73%
2017 14.25%
2016 58.66%

ALTA Dividends

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