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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.
|52-week range||$16.22 - $44.67|
|50-day moving average||$39.48|
|200-day moving average||$30.68|
|Wall St. target price||$39.00|
|Dividend yield||$0.57 (1.36%)|
|Earnings per share (TTM)||$2.29|
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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 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.
|Revenue TTM||$123.4 million|
|Operating margin TTM||46.85%|
|Gross profit TTM||$123.4 million|
|Return on assets TTM||1.51%|
|Return on equity TTM||12.37%|
|Market capitalisation||$804.2 million|
TTM: trailing 12 months
There are currently 225,107 Altabancorp shares held short by investors – that's known as Altabancorp's "short interest". This figure is 14.3% up from 197,012 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) is the quantity of Altabancorp shares currently shorted divided by the average quantity of Altabancorp shares traded daily (recently around 56136.408977556). Altabancorp's SIR currently stands at 4.01. In other words for every 100,000 Altabancorp shares traded daily on the market, roughly 4010 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 0.01% of the outstanding shares (for every 100,000 Altabancorp shares in existence, roughly 10 shares are currently held short) or 0.0136% of the tradable shares (for every 100,000 tradable Altabancorp shares, roughly 14 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.
Dividend payout ratio: 24.78% of net profits
Recently Altabancorp has paid out, on average, around 24.78% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.43% 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 1.43% return on their shares, in the form of dividend payments. In Altabancorp's case, that would currently equate to about $0.57 per share.
While Altabancorp's payout ratio might seem low, this can signify that Altabancorp is investing more in its future growth.
Altabancorp's most recent dividend payout was on 15 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 February 2021 (the "ex-dividend date").
Over the last 12 months, Altabancorp's shares have ranged in value from as little as $16.2238 up to $44.67. 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 0.9846. This would suggest that Altabancorp's shares are less volatile than average (for this exchange).
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.
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