Altabancorp (NASDAQ: ALTA) is one of 286 public companies in the “State commercial banks” industry, but how does it compare to its rivals? We will compare Altabancorp to related companies based on the strength of its institutional ownership, analyst recommendations, earnings, dividends, risk, profitability and valuation.

Profitability

This table compares Altabancorp and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Altabancorp 32.61% 13.06% 1.69%
Altabancorp Competitors 18.41% 9.09% 1.00%

Insider and Institutional Ownership

28.7% of Altabancorp shares are owned by institutional investors. Comparatively, 48.3% of shares of all “State commercial banks” companies are owned by institutional investors. 16.2% of Altabancorp shares are owned by company insiders. Comparatively, 11.1% of shares of all “State commercial banks” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Volatility and Risk

Altabancorp has a beta of 0.84, meaning that its share price is 16% less volatile than the S&P 500. Comparatively, Altabancorp’s rivals have a beta of 1.01, meaning that their average share price is 1% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings for Altabancorp and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Altabancorp 0 0 0 0 N/A
Altabancorp Competitors 4662 9978 6681 414 2.13

As a group, “State commercial banks” companies have a potential upside of 26.02%. Given Altabancorp’s rivals higher possible upside, analysts clearly believe Altabancorp has less favorable growth aspects than its rivals.

Valuation & Earnings

This table compares Altabancorp and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Altabancorp $134.23 million $44.32 million 8.78
Altabancorp Competitors $1.47 billion $257.66 million 9.14

Altabancorp’s rivals have higher revenue and earnings than Altabancorp. Altabancorp is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Dividends

Altabancorp pays an annual dividend of $0.52 per share and has a dividend yield of 2.5%. Altabancorp pays out 22.3% of its earnings in the form of a dividend. As a group, “State commercial banks” companies pay a dividend yield of 3.4% and pay out 29.4% of their earnings in the form of a dividend.

Summary

Altabancorp rivals beat Altabancorp on 7 of the 12 factors compared.

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. Its loan products include commercial and residential real estate lending comprising acquisition and development loans, construction loans, and mortgage financing; commercial and industrial loans; consumer loans consisting of home equity loans, home improvement loans, automobile loans, debt consolidation loans, and general consumer lending; and SBA loans. The company also offers credit and debit cards; investment securities, such as U.S. Agency issues, mortgage-backed securities, and municipal bonds; and mobile and Internet banking, automatic teller machine, treasury management, remote deposit capture, bill pay, cashier's checks, money orders, and safe deposit services. It serves real estate developers and contractors, small to medium sized businesses, individuals, and professionals and professional firms through 26 retail branches located in Utah and southern 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.

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