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Altabancorp is currently in a long term uptrend where the price is trading 17.4% above its 200 day moving average.
From a valuation standpoint, the stock is 29.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 6.4.
Altabancorp's total revenue rose by 1.6% to $31M since the same quarter in the previous year.
Its net income has dropped by 5.5% to $11M since the same quarter in the previous year.
Finally, its free cash flow grew by 182.8% to $34M since the same quarter in the previous year.
Based on the above factors, Altabancorp gets an overall score of 4/5.
| Sector | Financial Services |
|---|---|
| CurrencyCode | USD |
| Industry | Banks-Regional |
| ISIN | US0213471099 |
| Exchange | NASDAQ |
| Market Cap | 834M |
|---|---|
| Target Price | 44.33 |
| PE Ratio | 18.87 |
| Dividend Yield | 1.4% |
| Beta | 0.94 |
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. 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. As of October 1, 2021, Altabancorp operates as a subsidiary of Glacier Bancorp, Inc.
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