Altabancorp (NASDAQ:ALTA) major shareholder Hets Llc sold 500 shares of the stock in a transaction dated Tuesday, January 12th. The stock was sold at an average price of $30.00, for a total transaction of $15,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Hets Llc also recently made the following trade(s):

  • On Wednesday, December 16th, Hets Llc sold 500 shares of Altabancorp stock. The stock was sold at an average price of $30.50, for a total transaction of $15,250.00.
  • On Friday, December 11th, Hets Llc sold 1,000 shares of Altabancorp stock. The stock was sold at an average price of $29.60, for a total transaction of $29,600.00.
  • On Monday, November 23rd, Hets Llc sold 500 shares of Altabancorp stock. The stock was sold at an average price of $27.10, for a total transaction of $13,550.00.
  • On Tuesday, November 17th, Hets Llc sold 500 shares of Altabancorp stock. The stock was sold at an average price of $27.07, for a total transaction of $13,535.00.

Shares of ALTA opened at $29.42 on Thursday. The stock has a market cap of $553.18 million, a PE ratio of 12.63 and a beta of 0.99. Altabancorp has a fifty-two week low of $13.55 and a fifty-two week high of $30.80. The firm’s 50-day simple moving average is $27.99 and its two-hundred day simple moving average is $25.61.

Altabancorp (NASDAQ:ALTA) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.07. Altabancorp had a net margin of 33.10% and a return on equity of 12.77%. The firm had revenue of $31.91 million for the quarter, compared to analysts’ expectations of $31.27 million. On average, sell-side analysts forecast that Altabancorp will post 2.25 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System purchased a new stake in shares of Altabancorp during the third quarter valued at approximately $476,000. Soltis Investment Advisors LLC purchased a new stake in shares of Altabancorp during the third quarter valued at approximately $5,317,000. John W. Rosenthal Capital Management Inc. purchased a new stake in shares of Altabancorp during the third quarter valued at approximately $1,525,000. Globeflex Capital L P grew its holdings in shares of Altabancorp by 7.4% during the third quarter. Globeflex Capital L P now owns 44,230 shares of the company’s stock valued at $890,000 after buying an additional 3,061 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Altabancorp during the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 47.53% of the company’s stock.

A number of equities analysts recently issued reports on ALTA shares. ValuEngine downgraded shares of Altabancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 3rd. Zacks Investment Research cut shares of Altabancorp from a “hold” rating to a “sell” rating in a report on Monday, January 4th. BidaskClub upgraded shares of Altabancorp from a “hold” rating to a “buy” rating in a report on Friday, December 11th. Finally, Piper Sandler upped their price objective on shares of Altabancorp from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, November 16th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Altabancorp has an average rating of “Hold” and an average target price of $27.00.

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 various deposits, such as checking, rewards checking, savings, and money market deposit accounts, as well as individual retirement accounts and certificates of deposit.

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Insider Buying and Selling by Quarter for Altabancorp (NASDAQ:ALTA)

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