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Allegiance Bancshares Stock Forecast, Price & News

+0.90 (+3.28 %)
(As of 10/30/2020 12:00 AM ET)
Today's Range
Now: $28.30
50-Day Range
MA: $25.14
52-Week Range
Now: $28.30
Volume61,296 shs
Average Volume42,151 shs
Market Capitalization$578.17 million
P/E Ratio13.41
Dividend Yield1.47%
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, and savings accounts, as well as other time deposits comprising money market accounts and certificates of deposit. The company also grants various loan products, which include commercial and industrial loans; mortgage warehouse loans; commercial real estate loans, including multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans, such as 1-4 family residential mortgage loans; residential construction loans; and consumer and other loans. In addition, it offers automated teller machines, drive-through services, and depository facilities; mobile banking services; and telephone, mail, and Internet banking services. Further, the company provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository services, direct deposits, cashier's checks, and letters of credit. As of December 31, 2018, it operated 27 bank offices and 1 loan production office in the Houston metropolitan area, as well as 1 bank office location in Beaumont. The company was founded in 2007 and is headquartered in Houston, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:ABTX



Sales & Book Value

Annual Sales$246.33 million
Cash Flow$2.91 per share
Book Value$34.57 per share


Net Income$52.96 million


Market Cap$578.17 million
Next Earnings Date2/3/2021 (Estimated)
OptionableNot Optionable
+0.90 (+3.28 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Allegiance Bancshares (NASDAQ:ABTX) Frequently Asked Questions

How has Allegiance Bancshares' stock price been impacted by COVID-19?

Allegiance Bancshares' stock was trading at $26.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ABTX stock has increased by 7.6% and is now trading at $28.30.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Allegiance Bancshares?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiance Bancshares in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Allegiance Bancshares

When is Allegiance Bancshares' next earnings date?

Allegiance Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Allegiance Bancshares

How were Allegiance Bancshares' earnings last quarter?

Allegiance Bancshares, Inc. (NASDAQ:ABTX) issued its quarterly earnings results on Monday, November, 2nd. The bank reported $0.79 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.27. Allegiance Bancshares had a net margin of 16.08% and a return on equity of 5.52%.
View Allegiance Bancshares' earnings history

How often does Allegiance Bancshares pay dividends? What is the dividend yield for Allegiance Bancshares?

Allegiance Bancshares declared a quarterly dividend on Friday, October 30th. Investors of record on Monday, November 30th will be paid a dividend of $0.10 per share on Tuesday, December 15th. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, November 27th.
View Allegiance Bancshares' dividend history

What price target have analysts set for ABTX?

3 brokerages have issued 12-month price objectives for Allegiance Bancshares' stock. Their forecasts range from $26.00 to $27.00. On average, they anticipate Allegiance Bancshares' stock price to reach $26.50 in the next twelve months. This suggests that the stock has a possible downside of 6.4%.
View analysts' price targets for Allegiance Bancshares

Are investors shorting Allegiance Bancshares?

Allegiance Bancshares saw a decrease in short interest during the month of October. As of October 15th, there was short interest totaling 390,400 shares, a decrease of 18.0% from the September 30th total of 476,100 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is currently 7.7 days. Currently, 2.1% of the company's stock are sold short.
View Allegiance Bancshares' Short Interest

Who are some of Allegiance Bancshares' key competitors?

What other stocks do shareholders of Allegiance Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiance Bancshares investors own include AbbVie (ABBV), Adobe (ADBE), Arthur J. Gallagher & Co. (AJG), British American Tobacco (BTI), Consolidated Edison (ED), Enbridge (ENB), Energy Transfer (ET), Gilead Sciences (GILD), General Mills (GIS) and GlaxoSmithKline (GSK).

Who are Allegiance Bancshares' key executives?

Allegiance Bancshares' management team includes the following people:
  • Mr. Steven F. Retzloff, CEO & Director (Age 64, Pay $614.93k)
  • Mr. Ramon A. Vitulli III, Pres & Director (Age 52, Pay $473.02k)
  • Mr. Paul P. Egge, Exec. VP & CFO (Age 42, Pay $459.31k)
  • Mr. Okan I. Akin, Exec. VP & Chief Risk Officer (Age 48, Pay $449.9k)
  • Mr. Daryl D. Bohls, Exec. VP (Age 69)

What is Allegiance Bancshares' stock symbol?

Allegiance Bancshares trades on the NASDAQ under the ticker symbol "ABTX."

Who are Allegiance Bancshares' major shareholders?

Allegiance Bancshares' stock is owned by many different retail and institutional investors. Top institutional investors include WINTON GROUP Ltd (0.16%), Campbell Newman Asset Management Inc. (0.10%), Nisa Investment Advisors LLC (0.04%), Louisiana State Employees Retirement System (0.04%) and BNP Paribas Arbitrage SA (0.02%). Company insiders that own Allegiance Bancshares stock include David B Moulton, E Raimundo Riojas, Frances H Jeter, Fred S Robertson, George Martinez, Louis A Jr Waters, Paul P Egge, Roland L Williams, Shanna R Kuzdzal, Steven F Retzloff, Umesh Jain and William S Nichols III.
View institutional ownership trends for Allegiance Bancshares

Which major investors are selling Allegiance Bancshares stock?

ABTX stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd. Company insiders that have sold Allegiance Bancshares company stock in the last year include Roland L Williams, and Umesh Jain.
View insider buying and selling activity for Allegiance Bancshares

Which major investors are buying Allegiance Bancshares stock?

ABTX stock was purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, BNP Paribas Arbitrage SA, Nisa Investment Advisors LLC, and Campbell Newman Asset Management Inc.. Company insiders that have bought Allegiance Bancshares stock in the last two years include E Raimundo Riojas, Frances H Jeter, Fred S Robertson, Paul P Egge, Shanna R Kuzdzal, and Steven F Retzloff.
View insider buying and selling activity for Allegiance Bancshares

How do I buy shares of Allegiance Bancshares?

Shares of ABTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Allegiance Bancshares' stock price today?

One share of ABTX stock can currently be purchased for approximately $28.30.

How big of a company is Allegiance Bancshares?

Allegiance Bancshares has a market capitalization of $578.23 million and generates $246.33 million in revenue each year. The bank earns $52.96 million in net income (profit) each year or $2.57 on an earnings per share basis. Allegiance Bancshares employs 593 workers across the globe.

What is Allegiance Bancshares' official website?

The official website for Allegiance Bancshares is www.allegiancebank.com.

How can I contact Allegiance Bancshares?

Allegiance Bancshares' mailing address is 8847 West Sam Houston Parkway N. Suite 200, HOUSTON TX, 77040. The bank can be reached via phone at 281-894-3200.

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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