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NASDAQ:ABTXAllegiance Bancshares Stock Price, Forecast & News

$27.11
+0.04 (+0.15 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$26.98
Now: $27.11
$27.81
50-Day Range
$21.74
MA: $24.00
$27.11
52-Week Range
$20.88
Now: $27.11
$38.95
Volume39,800 shs
Average Volume97,304 shs
Market Capitalization$553.91 million
P/E Ratio14.34
Dividend Yield1.48%
Beta1.29
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 out of 5 stars


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$2.81 per share
Book Value$36.03 per share

Profitability

Net Income$52.96 million

Miscellaneous

Employees569
Market Cap$553.91 million
Next Earnings Date10/23/2020 (Estimated)
OptionableNot Optionable
$27.11
+0.04 (+0.15 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Allegiance Bancshares (NASDAQ:ABTX) Frequently Asked Questions

How has Allegiance Bancshares' stock price been impacted by Coronavirus?

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 stock has increased by 3.0% and is now trading at $27.11.
View which stocks have been most impacted by COVID-19
.

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, October 23rd 2020.
View our earnings forecast for Allegiance Bancshares
.

How were Allegiance Bancshares' earnings last quarter?

Allegiance Bancshares Inc (NASDAQ:ABTX) posted its quarterly earnings results on Thursday, July, 30th. The bank reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.24. The bank earned $52.41 million during 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
.

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

Allegiance Bancshares declared a quarterly dividend on Thursday, April 23rd. Investors 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 dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 28th.
View Allegiance Bancshares' dividend history
.

What price target have analysts set for ABTX?

2 brokerages have issued 12-month price targets for Allegiance Bancshares' stock. Their forecasts range from $27.00 to $27.00. On average, they anticipate Allegiance Bancshares' share price to reach $27.00 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts' price targets for Allegiance Bancshares
.

Has Allegiance Bancshares been receiving favorable news coverage?

News articles about ABTX stock have been trending extremely negative on Thursday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Allegiance Bancshares earned a news sentiment score of -4.1 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Allegiance Bancshares
.

Are investors shorting Allegiance Bancshares?

Allegiance Bancshares saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,450,000 shares, a decline of 11.0% from the December 31st total of 1,630,000 shares. Based on an average daily volume of 152,900 shares, the short-interest ratio is currently 9.5 days. Approximately 7.6% of the company's shares are short sold.
View Allegiance Bancshares' Short Interest
.

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 Gold Standard Ventures (GSV), Gold Standard Ventures (GSV), Ring Energy (REI), Ring Energy (REI), AbbVie (ABBV), Adobe (ADBE), Arthur J Gallagher & Co (AJG), Advanced Micro Devices (AMD), Amplify Energy (AMPY) and Amplify Energy (AMPY).

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 a number of institutional and retail investors. Top institutional shareholders include 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%), WINTON GROUP Ltd (0.23%) and Swiss National Bank (0.21%). Company insiders that own Allegiance Bancshares stock include 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 institutional investors are selling Allegiance Bancshares stock?

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., Prudential Financial Inc., Trexquant Investment LP, PNC Financial Services Group Inc., Carlton Hofferkamp & Jenks Wealth Management LLC, and Texas Permanent School Fund. Company insiders that have sold Allegiance Bancshares company stock in the last year include Louis A Jr Waters, Roland L Williams, Umesh Jain, and William S Nichols III.
View insider buying and selling activity for Allegiance Bancshares
.

Which institutional investors are buying Allegiance Bancshares stock?

ABTX stock was acquired by a variety of institutional investors in the last quarter, including Swiss National Bank, WINTON GROUP Ltd, California Public Employees Retirement System, SG Americas Securities LLC, UBS Group AG, First Trust Advisors LP, Comerica Bank, and Bank of Montreal 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 $27.11.

How big of a company is Allegiance Bancshares?

Allegiance Bancshares has a market capitalization of $553.91 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.

What is Allegiance Bancshares' official website?

The official website for Allegiance Bancshares is 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.

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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