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Altabancorp (ALTA) in Focus: Stock Moves 6.2% Higher

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Altabancorp was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $18.75–$21.47 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Altabancorp. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Altabancorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the Banks - West industry is Sierra Bancorp (BSRR), which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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