NASDAQ:ABTXAllegiance Bancshares Stock Price, Forecast & News

Allegiance Bancshares' stock was trading at $26.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ABTX shares have decreased by 11.9% and is now trading at $23.17. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiance Bancshares in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Allegiance Bancshares.

Allegiance Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, July 30th 2020. View our earnings forecast for Allegiance Bancshares.

Allegiance Bancshares will be holding an earnings conference call on Thursday, July 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Allegiance Bancshares Inc (NASDAQ:ABTX) posted its quarterly earnings data on Thursday, April, 30th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.35 by $0.18. The bank earned $47.75 million during the quarter, compared to analysts' expectations of $46.23 million. Allegiance Bancshares had a return on equity of 6.22% and a net margin of 17.80%. View Allegiance Bancshares' earnings history.

Allegiance Bancshares announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 29th will be given a dividend of $0.10 per share on Monday, June 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, May 28th. View Allegiance Bancshares' dividend history.

2 equities research analysts have issued twelve-month price targets for Allegiance Bancshares' stock. Their forecasts range from $27.00 to $38.00. On average, they anticipate Allegiance Bancshares' share price to reach $32.50 in the next year. This suggests a possible upside of 40.3% from the stock's current price. View analysts' price targets for Allegiance Bancshares.

Press coverage about ABTX stock has been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Allegiance Bancshares earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Allegiance Bancshares.

Allegiance Bancshares saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 811,000 shares, a decline of 16.4% from the May 31st total of 969,700 shares. Based on an average trading volume of 114,000 shares, the days-to-cover ratio is presently 7.1 days. Approximately 4.3% of the company's shares are short sold. View Allegiance Bancshares' Current Options Chain.

Some companies that are related to Allegiance Bancshares include First Interstate Bancsystem (FIBK), Columbia Banking System (COLB), International Bancshares (IBOC), ServisFirst Bancshares (SFBS), Independent Bank Group (IBTX), Hilltop (HTH), South State (SSB), Ameris Bancorp (ABCB), United Community Banks (UCBI), Texas Capital Bancshares (TCBI), Renasant (RNST), TowneBank (TOWN), Banner (BANR), Pacific Premier Bancorp (PPBI) and First Bancorp (FBP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiance Bancshares investors own include Gold Standard Ventures (GSV), Gold Standard Ventures (GSV), Ring Energy (REI), Ring Energy (REI), Adobe (ADBE), Arthur J Gallagher & Co (AJG), Amplify Energy (AMPY), Amplify Energy (AMPY), Consolidated Edison (ED) and Enbridge (ENB).

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

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 $23.17.

Allegiance Bancshares has a market capitalization of $472.74 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.

The official website for Allegiance Bancshares is 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.