Altabancorp (NASDAQ:ALTA) – Stock analysts at DA Davidson issued their Q2 2021 earnings estimates for Altabancorp in a note issued to investors on Monday, May 3rd. DA Davidson analyst J. Rulis expects that the company will post earnings of $0.54 per share for the quarter. DA Davidson also issued estimates for Altabancorp’s FY2021 earnings at $2.05 EPS.
A number of other analysts have also recently issued reports on ALTA. Zacks Investment Research cut Altabancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 29th. Raymond James boosted their price target on Altabancorp from $35.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, April 30th.
ALTA stock opened at $41.49 on Tuesday. The company has a 50 day moving average of $42.08 and a two-hundred day moving average of $33.57. Altabancorp has a 12-month low of $16.81 and a 12-month high of $44.67. The company has a market cap of $783.08 million, a price-to-earnings ratio of 17.81 and a beta of 0.99.
Altabancorp (NASDAQ:ALTA) last posted its quarterly earnings results on Tuesday, April 27th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Altabancorp had a net margin of 33.10% and a return on equity of 12.77%.
A number of large investors have recently modified their holdings of ALTA. Denali Advisors LLC lifted its position in shares of Altabancorp by 144.3% in the fourth quarter. Denali Advisors LLC now owns 1,930 shares of the company’s stock worth $54,000 after buying an additional 1,140 shares during the last quarter. Citigroup Inc. raised its holdings in Altabancorp by 211.6% in the 4th quarter. Citigroup Inc. now owns 3,574 shares of the company’s stock worth $100,000 after acquiring an additional 2,427 shares during the period. SG Americas Securities LLC acquired a new position in Altabancorp during the 4th quarter worth $113,000. US Bancorp DE boosted its holdings in Altabancorp by 32.2% during the first quarter. US Bancorp DE now owns 3,121 shares of the company’s stock valued at $131,000 after acquiring an additional 760 shares during the period. Finally, Morgan Stanley acquired a new stake in shares of Altabancorp in the third quarter valued at about $136,000. Hedge funds and other institutional investors own 47.53% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, May 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, May 7th. Altabancorp’s payout ratio is presently 25.75%.
Altabancorp Company Profile
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.
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