Piper Sandler downgraded Altabancorp from Overweight to Neutral and set a new price target of $49.00 from $46.00 previously
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KALISPELL, Mont. and AMERICAN FORK, Utah, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. ("Glacier" or the "Company") (NASDAQ:GBCI) today announced the completion of its acquisition of AltabancorpTM ("ALTA") (NASDAQ:ALTA), the bank holding company for AltabankTM, the largest community bank in Utah. Altabank provides banking services to individuals and businesses throughout Utah and southern Idaho with 25 branch locations from Preston, Idaho to St. George, Utah, and will operate as the newest banking division of Glacier Bank under the name "Altabank, Division of Glacier Bank". Randy Chesler, Glacier's President and Chief Executive Officer, commented, "We are excited to welcome Alta
Q2-2021 Highlights Loans held for investment grew $76.7 million, or 17.1% on an annualized basis, for the second quarter and $178 million, or 21.2% on an annualized basis, for six months of 2021 to $1.87 billion. Total deposits declined $2.3 million for the second quarter but grew $240 million for six months of 2021 to $3.16 billion. Cash and liquid investment securities declined $57.0 million for the second quarter, or 14.2% on an annualized basis, to $1.56 billion, or 44% of total assets, at June 30, 2021. Return on average assets was 1.44% and return on average equity was 14.12% for the three months ended June 30, 2021. Altabancorp™ (NASDAQ:ALTA) (the "Company" or "ALTA"), the
AltabancorpTM (NASDAQ:ALTA) announced that it will report its second quarter 2021 financial results on Wednesday, July 28, 2021 after the market closes. The Company's second quarter 2021 earnings release will be available on the Company's website at www.altabancorp.com. About AltabancorpTM AltabancorpTM (NASDAQ:ALTA) is the bank holding company for AltabankTM, a full-service bank, providing loans, deposit and cash management services to businesses and individuals through 25 branch locations from Preston, Idaho to St. George, Utah. AltabankTM is the largest community bank in Utah with total assets over $3.5 billion. Our clients have direct access to bankers and decision-makers, who work wi
Raymond James downgraded Altabancorp from Outperform to Market Perform
Piper Sandler downgraded Altabancorp from Overweight to Neutral and set a new price target of $49.00 from $46.00 previously
Raymond James reiterated coverage of Altabancorp with a rating of Outperform and set a new price target of $46.00 from $35.00 previously
4/A - Altabancorp (0001636286) (Issuer)
4/A - Altabancorp (0001636286) (Issuer)
4 - Altabancorp (0001636286) (Issuer)
SC 13D/A - Altabancorp (0001636286) (Subject)
Q2-2021 Highlights Loans held for investment grew $76.7 million, or 17.1% on an annualized basis, for the second quarter and $178 million, or 21.2% on an annualized basis, for six months of 2021 to $1.87 billion. Total deposits declined $2.3 million for the second quarter but grew $240 million for six months of 2021 to $3.16 billion. Cash and liquid investment securities declined $57.0 million for the second quarter, or 14.2% on an annualized basis, to $1.56 billion, or 44% of total assets, at June 30, 2021. Return on average assets was 1.44% and return on average equity was 14.12% for the three months ended June 30, 2021. Altabancorp™ (NASDAQ:ALTA) (the "Company" or "ALTA"), the
AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”), the parent company of Altabank™, confirmed that its Board of Directors has received a letter (“Letter”) from the designated representatives of the Section 13D group consisting of various Gunther family members and their related entities (“Gunther Family 13D Group”) that was filed as part of the Amendment No. 2 to Schedule 13D on January 14, 2021. “Our Board takes its fiduciary responsibilities seriously and always welcomes the opportunity to hear from our shareholders and to consider ideas that may drive shareholder value creation,” said Richard Beard, Chair of the Company. “The Board will