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

$23.69
-1.85 (-7.24 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$23.45
Now: $23.69
$25.86
50-Day Range
$22.68
MA: $32.24
$38.72
52-Week Range
$22.14
Now: $23.69
$38.95
Volume106,705 shs
Average Volume143,697 shs
Market Capitalization$482.09 million
P/E Ratio9.55
Dividend Yield1.57%
Beta1.4
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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Allegiance Bancshares logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:ABTX
CUSIPN/A
Phone281-894-3200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$246.33 million
Cash Flow$2.60 per share
Book Value$34.57 per share

Profitability

Net Income$52.96 million

Miscellaneous

Employees569
Market Cap$482.09 million
Next Earnings Date4/24/2020 (Estimated)
OptionableNot Optionable

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Allegiance Bancshares (NASDAQ:ABTX) Frequently Asked Questions

How has Allegiance Bancshares' stock been impacted by COVID-19 (Coronavirus)?

Allegiance Bancshares' stock was trading at $26.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ABTX shares have decreased by 10.0% and is now trading at $23.69. View which stocks have been mosted impacted by Coronavirus.

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

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.

When is Allegiance Bancshares' next earnings date?

Allegiance Bancshares is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. View our earnings forecast for Allegiance Bancshares.

How were Allegiance Bancshares' earnings last quarter?

Allegiance Bancshares Inc (NASDAQ:ABTX) released its quarterly earnings data on Wednesday, January, 29th. The bank reported $0.67 EPS for the quarter, topping the Zacks' consensus estimate of $0.61 by $0.06. The bank earned $47.93 million during the quarter, compared to analyst estimates 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.

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

Allegiance Bancshares announced a -- dividend on Thursday, January 30th. Stockholders 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.

What price target have analysts set for ABTX?

2 Wall Street analysts have issued 12-month target prices for Allegiance Bancshares' stock. Their forecasts range from $36.00 to $38.00. On average, they expect Allegiance Bancshares' share price to reach $37.00 in the next twelve months. This suggests a possible upside of 56.2% from the stock's current price. View analysts' price targets for Allegiance Bancshares.

What are Wall Street analysts saying about Allegiance Bancshares stock?

Here are some recent quotes from research analysts about Allegiance Bancshares stock:
  • 1. According to Zacks Investment Research, "Allegiance Bancshares, Inc. operates as a bank holding company. The Company offers banking products and services primarily to small and medium-sized businesses and individual customers, through its subsidiaries. It offers checking accounts, savings accounts, certificates of deposit, bank-by-mail, cashier's checks, travelers checks, gift cards, savings bonds, personal loans, automobile loans, commercial loans, mortgage loans, home improvement loans, online banking services, safe deposit boxes and automated teller machines. Allegiance Bancshares, Inc. is headquartered in Houston, Texas. " (3/23/2020)
  • 2. Stephens analysts commented, "We maintain our Equal-Weight rating. KEY EPS Miss to Consensus; Lowering Our EPS Estimates. ABTX reported 1Q19 GAAP EPS of $0.58. Excluding merger expenses we estimate operating EPS of $0.62, below consensus of $0.65. Results were marked by soft revenue trends from compressing NIM and elevated operating expenses. We are decreasing our 2019 EPS estimate from $2.84 to $2.70 and our 2020 EPS estimate from $3.12 to $3.00." (4/29/2019)

Has Allegiance Bancshares been receiving favorable news coverage?

Media coverage about ABTX stock has been trending very negative recently, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Allegiance Bancshares earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, meaning 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 aboutAllegiance Bancshares.

Are investors shorting Allegiance Bancshares?

Allegiance Bancshares saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 1,210,000 shares, a decline of 9.7% from the February 13th total of 1,340,000 shares. Based on an average daily trading volume, of 115,100 shares, the short-interest ratio is currently 10.5 days. Approximately 6.1% of the shares of the stock are short sold. View Allegiance Bancshares' Current Options Chain.

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 Adobe (ADBE), Methanex (MEOH), Primo Water (PRMW), Arthur J Gallagher & Co (AJG), Consolidated Edison (ED), Enbridge (ENB), Energy Transfer LP Unit (ET), General Mills (GIS), HCA Healthcare (HCA) and Exxon Mobil (XOM).

Who are Allegiance Bancshares' key executives?

Allegiance Bancshares' management team includes the following people:
  • Mr. George Martinez, Chairman & CEO (Age 77)
  • Mr. Steven F. Retzloff, Pres & Director (Age 63)
  • Mr. Paul P. Egge, Exec. VP & CFO (Age 41)
  • Ms. Shanna R. Kuzdzal, Exec. VP, Gen. Counsel & Sec. (Age 40)
  • Mr. Daryl D. Bohls, Exec. VP (Age 68)

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 institutional and retail investors. Top institutional investors 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.

Which major investors are selling Allegiance Bancshares stock?

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, Nuveen Asset Management LLC, Callahan Advisors LLC, Bank of America Corp DE, and UBS Group AG. 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 activity for Allegiance Bancshares.

Which major investors are buying Allegiance Bancshares stock?

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 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 $23.69.

How big of a company is Allegiance Bancshares?

Allegiance Bancshares has a market capitalization of $482.09 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.

What is Allegiance Bancshares' official website?

The official website for Allegiance Bancshares is http://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.


MarketBeat Community Rating for Allegiance Bancshares (NASDAQ ABTX)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  191 (Vote Outperform)
Underperform Votes:  313 (Vote Underperform)
Total Votes:  504
MarketBeat's community ratings are surveys of what our community members think about Allegiance Bancshares and other stocks. Vote "Outperform" if you believe ABTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ABTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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