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ALPI

Alpine Banks of Colorado OTCPK:ALPI.B Stock Report

Last Price

US$29.25

Market Cap

US$447.4m

7D

0.1%

1Y

-28.6%

Updated

03 Jul, 2022

Data

Company Financials
ALPI.B fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ALPI.B Stock Overview

Alpine Banks of Colorado operates as the bank holding company for Alpine Bank that provides various banking products and services to individuals and businesses.

Alpine Banks of Colorado Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Alpine Banks of Colorado
Historical stock prices
Current Share PriceUS$29.25
52 Week HighUS$42.00
52 Week LowUS$29.21
Beta0.80
1 Month Change-8.16%
3 Month Change-12.69%
1 Year Change-28.57%
3 Year Change-20.23%
5 Year Changen/a
Change since IPO-20.23%

Recent News & Updates

Shareholder Returns

ALPI.BUS BanksUS Market
7D0.1%-1.9%-2.5%
1Y-28.6%-18.3%-21.2%

Return vs Industry: ALPI.B underperformed the US Banks industry which returned -18.3% over the past year.

Return vs Market: ALPI.B underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is ALPI.B's price volatile compared to industry and market?
ALPI.B volatility
ALPI.B Average Weekly Movement4.6%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: ALPI.B is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ALPI.B's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973n/aBob Younghttps://www.alpinebank.com

Alpine Banks of Colorado operates as the bank holding company for Alpine Bank that provides various banking products and services to individuals and businesses. The company offers checking, savings, money market, health, youth, and individual retirement accounts; and demand deposits and certificates of deposit. It also provides various loan products, such as personal, business, student, vehicle, green, home mortgage, home equity, land and construction, commercial real estate, small business administration, medical, installment, and term loans; letters and lines of credit; and business-ready reserve line of credit, as well as debit and credit cards.

Alpine Banks of Colorado Fundamentals Summary

How do Alpine Banks of Colorado's earnings and revenue compare to its market cap?
ALPI.B fundamental statistics
Market CapUS$447.38m
Earnings (TTM)US$58.29m
Revenue (TTM)US$213.91m

7.7x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALPI.B income statement (TTM)
RevenueUS$213.91m
Cost of RevenueUS$0
Gross ProfitUS$213.91m
Other ExpensesUS$155.62m
EarningsUS$58.29m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.81
Gross Margin100.00%
Net Profit Margin27.25%
Debt/Equity Ratio36.8%

How did ALPI.B perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ALPI.B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALPI.B?

Other financial metrics that can be useful for relative valuation.

ALPI.B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ALPI.B's PE Ratio compare to its peers?

ALPI.B PE Ratio vs Peers
The above table shows the PE ratio for ALPI.B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.1x
FSBC Five Star Bancorp
10.6x8.7%US$445.1m
GNTY Guaranty Bancshares
11.1x1.6%US$439.6m
CSTR CapStar Financial Holdings
9x3.8%US$434.5m
MPB Mid Penn Bancorp
13.8x29.7%US$433.4m
ALPI.B Alpine Banks of Colorado
7.7xn/aUS$447.4m

Price-To-Earnings vs Peers: ALPI.B is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (11.1x).


Price to Earnings Ratio vs Industry

How does ALPI.B's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: ALPI.B is good value based on its Price-To-Earnings Ratio (7.7x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is ALPI.B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALPI.B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ALPI.B's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ALPI.B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALPI.B ($29.25) is trading below our estimate of fair value ($92.64)

Significantly Below Fair Value: ALPI.B is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALPI.B's PEG Ratio to determine if it is good value.


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Future Growth

How is Alpine Banks of Colorado forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.7%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Alpine Banks of Colorado has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Alpine Banks of Colorado is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Alpine Banks of Colorado's filings and announcements here.

Past Performance

How has Alpine Banks of Colorado performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALPI.B has high quality earnings.

Growing Profit Margin: ALPI.B's current net profit margins (27.3%) are lower than last year (27.3%).


Past Earnings Growth Analysis

Earnings Trend: ALPI.B's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: ALPI.B's earnings growth over the past year (7.3%) is below its 5-year average (7.9% per year).

Earnings vs Industry: ALPI.B earnings growth over the past year (7.3%) underperformed the Banks industry 20.8%.


Return on Equity

High ROE: ALPI.B's Return on Equity (14%) is considered low.


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Financial Health

How is Alpine Banks of Colorado's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ALPI.B's Assets to Equity ratio (14.9x) is moderate.

Allowance for Bad Loans: ALPI.B has a sufficient allowance for bad loans (1583%).

Low Risk Liabilities: 97% of ALPI.B's liabilities are made up of primarily low risk sources of funding.

Loan Level: ALPI.B has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: ALPI.B's Loans to Deposits ratio (60%) is appropriate.

Level of Bad Loans: ALPI.B has an appropriate level of bad loans (0.1%).


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Dividend

What is Alpine Banks of Colorado current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.46%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ALPI.B's dividend (2.46%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: ALPI.B's dividend (2.46%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: ALPI.B has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ALPI.B has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (17.5%), ALPI.B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


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Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average management tenure


CEO

Bob Young (83 yo)

42.5yrs

Tenure

Mr. J. Robert Young, also known as Bob, serves as Chairman of the Board and Chief Executive Officer at Alpine Banks of Colorado since 1980 and as chairman and chief executive of Alpine Bank since its forma...


Leadership Team

Experienced Management: ALPI.B's management team is seasoned and experienced (14.8 years average tenure).


Board Members

Experienced Board: ALPI.B's board of directors are seasoned and experienced ( 34 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alpine Banks of Colorado's employee growth, exchange listings and data sources


Key Information

  • Name: Alpine Banks of Colorado
  • Ticker: ALPI.B
  • Exchange: OTCPK
  • Founded: 1973
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$447.378m
  • Shares outstanding: 15.29m
  • Website: https://www.alpinebank.com

Location

  • Alpine Banks of Colorado
  • 2200 Grand Avenue
  • PO Box 10000
  • Glenwood Springs
  • Colorado
  • 81601
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.