ALPIB - Alpine Banks Of Colorado: The Stock Split Should Improve Liquidity The 33% Dividend Hike Is Welcome
- Alpine Banks of Colorado just completed a 150:1 stock split which should enhance liquidity, while the 33% dividend boost may attract new investors.
- The bank reported an attractive net income in Q3 despite lower net interest income.
- The lower NII is due to the more conservative balance sheet: Almost 20% of the entire asset base is held in cash.
- Now the impact of the COVID-19 pandemic is slowly fading, Alpine may be looking at putting more of its cash to work, in a bid to boost its NII again.
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Alpine Banks Of Colorado: The Stock Split Should Improve Liquidity, The 33% Dividend Hike Is Welcome