Allegiance Bancshares Stock Forecast, Price & News

Allegiance Bancshares' stock was trading at $26.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ABTX stock has decreased by 16.3% and is now trading at $22.03.
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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."
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Allegiance Bancshares is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Allegiance Bancshares.

Allegiance Bancshares Inc (NASDAQ:ABTX) released its earnings results on Thursday, July, 30th. The bank reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.24. The bank had revenue of $52.41 million for the quarter, compared to the consensus estimate of $50.27 million. Allegiance Bancshares had a return on equity of 5.52% and a net margin of 16.08%.
View Allegiance Bancshares' earnings history.

Allegiance Bancshares declared a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 31st will be given a dividend of $0.10 per share on Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, August 28th.
View Allegiance Bancshares' dividend history.

2 brokers have issued 12-month target prices for Allegiance Bancshares' shares. Their forecasts range from $27.00 to $27.00. On average, they expect Allegiance Bancshares' stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts' price targets for Allegiance Bancshares.

Allegiance Bancshares saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 585,300 shares, a decrease of 11.3% from the August 15th total of 659,500 shares. Based on an average daily volume of 59,300 shares, the short-interest ratio is currently 9.9 days. Approximately 3.1% of the shares of the stock are short sold.
View Allegiance Bancshares' Short Interest.

Some companies that are related to Allegiance Bancshares include ServisFirst Bancshares (SFBS), Investors Bancorp (ISBC), Cathay General Bancorp (CATY), Columbia Banking System (COLB), Independent Bank (INDB), International Bancshares (IBOC), Atlantic Union Bankshares (AUB), Hancock Whitney (HWC), Ameris Bancorp (ABCB), Texas Capital Bancshares (TCBI), United Community Banks (UCBI), Renasant (RNST), TowneBank (TOWN), First Bancorp (FBP) and Banner (BANR).
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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 LP Unit (ET), Gilead Sciences (GILD), General Mills (GIS) and GlaxoSmithKline (GSK).

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

Allegiance Bancshares' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.97%), Banc Funds Co. LLC (1.18%), Carlton Hofferkamp & Jenks Wealth Management LLC (0.84%), Callahan Advisors LLC (0.76%), Principal Financial Group Inc. (0.69%) and Principal Financial Group Inc. (0.69%). 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.

ABTX stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Goldman Sachs Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Prudential Financial Inc., Trexquant Investment LP, PNC Financial Services Group Inc., and Carlton Hofferkamp & Jenks Wealth Management LLC. 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.

ABTX stock was acquired by a variety of institutional investors in the last quarter, including Cubist Systematic Strategies LLC, Vanguard Group Inc., Swiss National Bank, WINTON GROUP Ltd, California Public Employees Retirement System, Charles Schwab Investment Management Inc., HWG Holdings LP, and SG Americas Securities LLC. 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.

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 $22.03.

Allegiance Bancshares has a market capitalization of $450.12 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.