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

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

Allegiance Bancshares Inc (NASDAQ:ABTX) announced its earnings results on Friday, October, 25th. The bank reported $0.57 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.69 by $0.12. The bank had revenue of $47.73 million for the quarter, compared to analysts' expectations of $49 million. Allegiance Bancshares had a return on equity of 7.65% and a net margin of 21.42%. View Allegiance Bancshares' Earnings History.

Allegiance Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Allegiance Bancshares.

Allegiance Bancshares will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3 brokerages have issued twelve-month price targets for Allegiance Bancshares' shares. Their forecasts range from $36.00 to $38.26. On average, they expect Allegiance Bancshares' share price to reach $37.42 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price. 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.

News stories about ABTX stock have trended positive recently, InfoTrie reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Allegiance Bancshares earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Allegiance Bancshares.

Allegiance Bancshares saw a decline in short interest during the month of December. As of December 13th, there was short interest totalling 1,590,000 shares, a decline of 7.6% from the November 28th total of 1,720,000 shares. Based on an average daily volume of 277,200 shares, the short-interest ratio is currently 5.7 days. Currently, 8.4% of the company's stock are sold short. View Allegiance Bancshares' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiance Bancshares investors own include Adobe (ADBE), Arthur J Gallagher & Co (AJG), HCA Healthcare (HCA), Atlas Air Worldwide (AAWW), Abeona Therapeutics (ABEO), Achieve Life Sciences (ACHV), Allegiant Travel (ALGT), PepsiCo (PEP), Arconic (ARNC) and BorgWarner (BWA).

Allegiance Bancshares' stock is owned by many different of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%) and Louisiana State Employees Retirement System (0.03%). 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, Thomas A Reiser, Umesh Jain, Villarreal Luis Rene Garza and William S Nichols III. View Institutional Ownership Trends for Allegiance Bancshares.

ABTX stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Louisiana State Employees Retirement System. 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, Steven F Retzloff and Villarreal Luis Rene Garza. 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 $37.40.

Allegiance Bancshares has a market capitalization of $778.29 million and generates $165.94 million in revenue each year. The bank earns $37.31 million in net income (profit) each year or $2.52 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.