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How to buy Altabancorp (ALTA) stocks in Canada

Learn how to easily invest in Altabancorp stocks.

Altabancorp is a banks-regional business based in the US. Altabancorp stocks (ALTA.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $41.03 – the same closing value as a week prior. Altabancorp employs 471 staff and has a trailing 12-month revenue of around $127.8 million.

How to buy shares in Altabancorp

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – ALTA – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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.

How has Coronavirus impacted Altabancorp's stock price?

Since the stock market crash in March caused by coronavirus, Altabancorp's stock price has had significant positive movement.

Its last market close was $44.16, which is 36.96% up on its pre-crash value of $27.84 and 225.90% up on the lowest point reached during the March crash when the stocks fell as low as $13.55.

If you had bought $1,000 worth of Altabancorp stocks at the start of February 2020, those stocks would have been worth $616.15 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,675.43.

Altabancorp stock price (NASDAQ:ALTA)

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

Altabancorp shares at a glance

Information last updated 2021-11-28.
Latest market close$44.16
52-week range$28.79 - $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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Altabancorp price performance over time

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

1 week (2022-01-05) N/A
1 month (2021-12-12) N/A
3 months (2021-10-12) N/A
6 months (2021-07-16) 7.84%
1 year (2021-01-15) 41.99%
2 years (2020-01-16) 49.04%
3 years (2019-01-16) 45.98%
5 years (2017-01-13) 75.94%

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

Altabancorp share dividends

53%

Dividend payout ratio: 52.84% of net profits

Recently Altabancorp has paid out, on average, around 52.84% 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.

Altabancorp's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure 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 $28.7869 up to $47.0785. A popular way to gauge a stock's volatility is its "beta".

ALTA.US volatility(beta: 0.94)Avg. volatility(beta: 1.00)LowHigh

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

Altabancorp in the news

There are no recent company news
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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