Insider Selling: Altabancorp (OTCMKTS:ALTA) Director Sells 2,000 Shares of Stock
Altabancorp (OTCMKTS:ALTA) Director Jr. Fred W. Fairclough sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $26.82, for a total value of $53,640.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
OTCMKTS ALTA opened at $26.86 on Friday. Altabancorp has a 12 month low of $13.55 and a 12 month high of $31.27. The company’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $15.48.
Altabancorp (OTCMKTS:ALTA) last issued its earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Altabancorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 4th. Piper Sandler increased their price target on Altabancorp from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, November 16th. Finally, Raymond James reaffirmed a “buy” rating on shares of Altabancorp in a research report on Thursday, August 6th.
A number of large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new position in shares of Altabancorp during the third quarter worth approximately $1,057,000. BlackRock Inc. bought a new stake in Altabancorp in the third quarter valued at approximately $21,345,000. Forest Hill Capital LLC bought a new stake in shares of Altabancorp during the third quarter worth $7,346,000. Wasatch Advisors Inc. bought a new stake in shares of Altabancorp during the third quarter worth $7,114,000. Finally, State Street Corp acquired a new position in Altabancorp during the third quarter worth $6,218,000.
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.
See Also: Earnings Per Share (EPS) Explained
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