Equities research analysts expect Allegiance Bancshares Inc (NASDAQ:ABTX) to announce earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Allegiance Bancshares’ earnings. Allegiance Bancshares reported earnings of $0.57 per share during the same quarter last year, which indicates a positive year over year growth rate of 7%. The business is scheduled to issue its next earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Allegiance Bancshares will report full-year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.94. For the next year, analysts expect that the company will post earnings of $3.29 per share, with EPS estimates ranging from $3.14 to $3.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Allegiance Bancshares.
Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Friday, January 25th. The bank reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The company had revenue of $48.17 million during the quarter, compared to the consensus estimate of $46.96 million. Allegiance Bancshares had a net margin of 22.48% and a return on equity of 12.41%.
Shares of NASDAQ ABTX traded down $0.21 during mid-day trading on Thursday, hitting $38.59. The company had a trading volume of 2,892 shares, compared to its average volume of 81,979. The stock has a market capitalization of $845.58 million, a price-to-earnings ratio of 15.32 and a beta of 1.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Allegiance Bancshares has a one year low of $28.58 and a one year high of $46.85.
In other Allegiance Bancshares news, Director Frances H. Jeter purchased 3,000 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was bought at an average cost of $38.05 per share, for a total transaction of $114,150.00. Following the completion of the transaction, the director now owns 10,860 shares in the company, valued at $413,223. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances H. Jeter purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average price of $34.29 per share, with a total value of $34,290.00. Following the completion of the transaction, the director now owns 12,360 shares of the company’s stock, valued at approximately $423,824.40. The disclosure for this purchase can be found here. Insiders have acquired 37,650 shares of company stock valued at $1,201,122 over the last 90 days. Company insiders own 12.74% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in Allegiance Bancshares during the fourth quarter valued at approximately $29,000. Legal & General Group Plc lifted its holdings in Allegiance Bancshares by 34.0% in the fourth quarter. Legal & General Group Plc now owns 2,249 shares of the bank’s stock valued at $73,000 after buying an additional 571 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in Allegiance Bancshares by 372.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,275 shares of the bank’s stock valued at $138,000 after buying an additional 3,371 shares during the period. Sheets Smith Wealth Management acquired a new position in Allegiance Bancshares in the third quarter valued at $245,000. Finally, Hillview Capital Advisors LLC acquired a new position in Allegiance Bancshares in the fourth quarter valued at $210,000. Institutional investors own 30.45% of the company’s stock.
Allegiance Bancshares Company Profile
Allegiance Bancshares, Inc operates as the bank holding company for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, savings accounts, and other time deposits comprising money market accounts and certificates of deposit.
Read More: What are the most popular ETFs
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Allegiance Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiance Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.