News articles about Allegiance Bancshares (NASDAQ:ABTX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegiance Bancshares earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.2839851247209 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Allegiance Bancshares (NASDAQ ABTX) traded down $0.25 during trading on Friday, reaching $38.65. The company had a trading volume of 14,201 shares, compared to its average volume of 37,430. The stock has a market cap of $509.48, a PE ratio of 25.60 and a beta of 2.42. Allegiance Bancshares has a 1 year low of $25.60 and a 1 year high of $40.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). The company had revenue of $28.46 million for the quarter, compared to analysts’ expectations of $28.81 million. Allegiance Bancshares had a return on equity of 3.98% and a net margin of 10.49%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. equities research analysts predict that Allegiance Bancshares will post 1.71 EPS for the current fiscal year.
A number of research analysts have recently weighed in on the company. BidaskClub cut Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.00 price target on shares of Allegiance Bancshares in a research report on Thursday, October 26th. Finally, TheStreet upgraded Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.67.
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In related news, Director Umesh Jain sold 34,000 shares of Allegiance Bancshares stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.01, for a total transaction of $1,326,340.00. Following the completion of the sale, the director now owns 132,275 shares in the company, valued at approximately $5,160,047.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $38.00, for a total value of $57,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,400 shares of company stock valued at $3,412,823. 13.88% of the stock is currently owned by company insiders.
Allegiance Bancshares Company Profile
Allegiance Bancshares, Inc is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet.
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