How to buy Altabancorp stock | $44.16

Altabancorp is a banks-regional business based in the US. Altabancorp shares (ALTA) are listed on the NASDAQ and all prices are listed in US Dollars. Altabancorp employs 471 staff and has a trailing 12-month revenue of around 0.00.

Altabancorp stock price (NASDAQ: ALTA)

Use our graph to track the performance of ALTA stocks over time.

Altabancorp shares at a glance

• Key figures

Information last updated 2021-10-17.

Latest market close	$44.16
52-week range	$20.81 - $47.08
50-day moving average	$41.59
200-day moving average	$42.57
Wall St. target price	$44.33
PE ratio	18.8718
Dividend yield	$0.62 (1.39%)
Earnings per share (TTM)	$2.34

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Is it a good time to buy Altabancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Altabancorp price performance over time

Historical closes compared with the close of $44.16 from 2021-10-01

1 week (2021-10-12)	N/A
1 month (2021-09-23)	6.23%
3 months (2021-07-23)	9.85%
6 months (2021-04-23)	2.10%

1 year (2020-10-22)	92.08%
2 years (2019-10-22)	51.03%
3 years (2018-10-22)	39.75%
5 years (2016-10-21)	120.58%

Is Altabancorp under- or over-valued?

Valuing Altabancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Altabancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Altabancorp's P/E ratio

Altabancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Altabancorp shares trade at around 19x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Altabancorp financials

Revenue TTM	$127.8 million
Operating margin TTM	48.36%
Gross profit TTM	$123.4 million
Return on assets TTM	1.35%
Return on equity TTM	12.36%
Profit margin	34.83%
Book value	$19.63
Market capitalisation	$834.1 million

TTM: trailing 12 months

Shorting Altabancorp shares

There are currently 339,063 Altabancorp shares held short by investors – that's known as Altabancorp's "short interest". This figure is 4.3% down from 354,256 last month.

There are a few different ways that this level of interest in shorting Altabancorp shares can be evaluated.

Altabancorp's "short interest ratio" (SIR)

Altabancorp's "short interest ratio" (SIR) is the quantity of Altabancorp shares currently shorted divided by the average quantity of Altabancorp shares traded daily (recently around 76365.540540541). Altabancorp's SIR currently stands at 4.44. In other words for every 100,000 Altabancorp shares traded daily on the market, roughly 4440 shares are currently held short.

However Altabancorp's short interest can also be evaluated against the total number of Altabancorp shares, or, against the total number of tradable Altabancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Altabancorp's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Altabancorp shares in existence, roughly 20 shares are currently held short) or 0.0318% of the tradable shares (for every 100,000 tradable Altabancorp shares, roughly 32 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Altabancorp.

Find out more about how you can short Altabancorp stock.

Altabancorp share dividends

Dividend payout ratio: 39.35% of net profits

Recently Altabancorp has paid out, on average, around 39.35% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.54% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Altabancorp shareholders could enjoy a 1.54% return on their shares, in the form of dividend payments. In Altabancorp's case, that would currently equate to about $0.62 per share.

While Altabancorp's payout ratio might seem fairly standard, it's worth remembering that Altabancorp may be investing much of the rest of its net profits in future growth.

Altabancorp's most recent dividend payout was on 28 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 23 September 2021 (the "ex-dividend date").

Altabancorp share price volatility

Over the last 12 months, Altabancorp's shares have ranged in value from as little as $20.8071 up to $47.0785. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Altabancorp's is 0.9405. This would suggest that Altabancorp's shares are less volatile than average (for this exchange).

Altabancorp overview

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, acquisition, and development loans; and credit and debit cards. In addition, the company provides investment securities, such as the U. S. Agency issues, mortgage-backed securities, and municipal bonds; and online and mobile banking, automatic teller machine, treasury management, remote deposit capture, bill pay, cashier's check, money order, and safe deposit services. It serves real estate developers and contractors, small to medium sized businesses, individuals, and professionals and professional firms through 25 retail branches located in Utah, Salt Lake, Davis, Cache, Box Elder, and Washington Counties in Utah and in Preston, Idaho.

Frequently asked questions

What percentage of Altabancorp is owned by insiders or institutions?
Currently 38.87% of Altabancorp shares are held by insiders and 46.489% by institutions. How many people work for Altabancorp?
Latest data suggests 471 work at Altabancorp. When does the fiscal year end for Altabancorp?
Altabancorp's fiscal year ends in September. Where is Altabancorp based?
Altabancorp's address is: 1 East Main Street, American Fork, UT, United States, 84003 What is Altabancorp's ISIN number?
Altabancorp's international securities identification number is: US0213471099 What is Altabancorp's CUSIP number?
Altabancorp's Committee on Uniform Securities Identification Procedures number is: Unknown