NASDAQ:ABTX - Allegiance Bancshares Stock Price, Forecast & News

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

Allegiance Bancshares declared a -- dividend on Thursday, January 30th. Investors of record on Friday, February 28th will be paid a dividend of $0.10 per share on Monday, March 16th. The ex-dividend date of this dividend is Thursday, February 27th. View Allegiance Bancshares' Dividend History.

Allegiance Bancshares Inc (NASDAQ:ABTX) announced its quarterly earnings results on Wednesday, January, 29th. The bank reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The bank had revenue of $47.93 million for the quarter, compared to the consensus estimate of $46.60 million. Allegiance Bancshares had a net margin of 21.50% and a return on equity of 7.66%. View Allegiance Bancshares' Earnings History.

Allegiance Bancshares is scheduled to release their next quarterly earnings announcement on Friday, April 24th 2020. View Earnings Estimates for Allegiance Bancshares.

3 analysts have issued 12 month target prices for Allegiance Bancshares' shares. Their forecasts range from $36.00 to $38.26. On average, they expect Allegiance Bancshares' stock price to reach $37.42 in the next year. This suggests that the stock has a possible downside of 0.7%. View Analyst Price Targets for 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.

Media headlines about ABTX stock have been trending very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Allegiance Bancshares earned a news impact score of -3.3 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Allegiance Bancshares.

Allegiance Bancshares saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,450,000 shares, a drop of 11.0% from the January 15th total of 1,630,000 shares. Based on an average daily trading volume, of 152,900 shares, the days-to-cover ratio is currently 9.5 days. Approximately 7.6% of the shares of the company are short sold. View Allegiance Bancshares' Current Options Chain.

Some companies that are related to Allegiance Bancshares include Bancorpsouth Bank (BXS), CVB Financial (CVBF), Texas Capital Bancshares (TCBI), Cathay General Bancorp (CATY), Ameris Bancorp (ABCB), Columbia Banking System (COLB), Independent Bank (INDB), South State (SSB), International Bancshares (IBOC), First Interstate Bancsystem (FIBK), Independent Bank Group (IBTX), United Community Banks (UCBI), ServisFirst Bancshares (SFBS), TowneBank (TOWN) and Hilltop (HTH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiance Bancshares investors own include Adobe (ADBE), Methanex (MEOH), Arthur J Gallagher & Co (AJG), Consolidated Edison (ED), Enbridge (ENB), Energy Transfer LP Unit (ET), General Mills (GIS), HCA Healthcare (HCA), Exxon Mobil (XOM) and NovaBay Pharmaceuticals (NBY).

Allegiance Bancshares' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.44%), Geode Capital Management LLC (1.30%), Bank of New York Mellon Corp (1.12%), Royce & Associates LP (1.05%), Carlton Hofferkamp & Jenks Wealth Management LLC (0.79%) and Principal Financial Group Inc. (0.78%). Company insiders that own Allegiance Bancshares stock include Daryl D Bohls, David B Moulton, Frances H Jeter, Fred S Robertson, George Martinez, Louis A Jr Waters, Paul Michael Mann, 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.

ABTX stock was sold by a variety of institutional investors in the last quarter, including Mercer Global Advisors Inc. ADV, PNC Financial Services Group Inc., EJF Capital LLC, Royce & Associates LP, Callahan Advisors LLC, Bank of America Corp DE, UBS Group AG and Goldman Sachs Group Inc.. Company insiders that have sold Allegiance Bancshares company stock in the last year include David B Moulton, Louis A Jr Waters, Roland L Williams, Umesh Jain and William S Nichols III. View Insider Buying and Selling for Allegiance Bancshares.

ABTX stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Principal Financial Group Inc., Bank of New York Mellon Corp, Barclays PLC, Public Sector Pension Investment Board, Rhumbline Advisers, Prudential Financial Inc. and Great West Life Assurance Co. Can. Company insiders that have bought Allegiance Bancshares stock in the last two years include Frances H Jeter, Fred S Robertson, Paul P Egge, Shanna R Kuzdzal and Steven F Retzloff. View Insider Buying and Selling for 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.

One share of ABTX stock can currently be purchased for approximately $37.69.

Allegiance Bancshares has a market capitalization of $773.78 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 569 workers across the globe.View Additional Information About Allegiance Bancshares.

The official website for Allegiance Bancshares is http://www.allegiancebank.com/.

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.