NASDAQ:ABTXAllegiance Bancshares Stock Price, Forecast & News

$25.68

+0.26 (+1.02 %)

(As of 06/2/2020 11:44 AM ET)

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Today's Range

$25.49

Now: $25.68▼

$25.82

50-Day Range

$21.61

MA: $24.14▼

$27.93

52-Week Range

$20.88

Now: $25.68▼

$38.95

Volume734 shs

Average Volume128,161 shs

Market Capitalization$523.87 million

P/E Ratio12.41

Dividend Yield1.56%

Beta1.35

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Allegiance Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.50, Allegiance Bancshares has a potential upside of 27.5% from its current price of $25.49.
Amount of Analyst Coverage
Allegiance Bancshares has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Allegiance Bancshares has received 191 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Allegiance Bancshares has received 321 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Allegiance Bancshares has received 62.70% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Allegiance Bancshares is a leading dividend payer. It pays a dividend yield of 1.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Allegiance Bancshares does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Allegiance Bancshares is 15.56 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Allegiance Bancshares will have a dividend payout ratio of 26.32 % next year. This indicates that Allegiance Bancshares will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Allegiance Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $106,660.00 in company stock.
Percentage Held by Insiders
Only 8.57% of the stock of Allegiance Bancshares is held by insiders.
Percentage Held by Institutions
49.54% of the stock of Allegiance Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Allegiance Bancshares are expected to decrease by -7.88% in the coming year, from $1.65 to $1.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Allegiance Bancshares is 12.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Allegiance Bancshares is 12.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.03.
Price to Book Value per Share Ratio
Allegiance Bancshares has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.22 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:ABTX

Previous Symbol

CUSIPN/A

CIK1642081

Webwww.allegiancebank.com

Phone281-894-3200

Debt

Debt-to-Equity Ratio0.27

Current Ratio1.01

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio12.41

Forward P/E Ratio15.56

P/E GrowthN/A

Sales & Book Value

Annual Sales$246.33 million

Price / Sales2.13

Cash Flow$2.81 per share

Price / Cash Flow9.14

Book Value$34.57 per share

Price / Book0.74

Profitability

EPS (Most Recent Fiscal Year)$2.57

Net Income$52.96 million

Net Margins17.80%

Return on Equity6.22%

Return on Assets0.89%

Miscellaneous

Employees569

Outstanding Shares20,400,000

Market Cap$523.87 million

Next Earnings Date7/24/2020 (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 reached pandemic status according to the World Health Organization (WHO). Since then, ABTX stock has decreased by 3.1% and is now trading at $25.49. View which stocks have been most 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, July 24th 2020. View our earnings forecast for Allegiance Bancshares.

How were Allegiance Bancshares' earnings last quarter?

Allegiance Bancshares Inc (NASDAQ:ABTX) issued its quarterly earnings data on Thursday, April, 30th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by $0.18. The bank had revenue of $47.75 million for the quarter, compared to the consensus estimate 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.

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

Allegiance Bancshares announced a quarterly dividend on Thursday, April 23rd. Shareholders 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 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, May 28th. View Allegiance Bancshares' dividend history.

What price target have analysts set for ABTX?

2 equities research analysts have issued 1 year price objectives for Allegiance Bancshares' shares. Their forecasts range from $27.00 to $38.00. On average, they expect Allegiance Bancshares' stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price. View analysts' price targets for Allegiance Bancshares.

Has Allegiance Bancshares been receiving favorable news coverage?

News stories about ABTX stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. 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 3.5 on InfoTrie's scale. They also assigned headlines 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 few days. View the latest news aboutAllegiance Bancshares.

Who are some of Allegiance Bancshares' key competitors?

Some companies that are related to Allegiance Bancshares include First Interstate Bancsystem (FIBK), International Bancshares (IBOC), ServisFirst Bancshares (SFBS), Columbia Banking System (COLB), South State (SSB), Hilltop (HTH), Ameris Bancorp (ABCB), Independent Bank Group (IBTX), United Community Banks (UCBI), TowneBank (TOWN), Renasant (RNST), Texas Capital Bancshares (TCBI), Banner (BANR), Pacific Premier Bancorp (PPBI) and First Bancorp (FBP). View all 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), Adobe (ADBE), Arthur J Gallagher & Co (AJG), Amplify Energy (AMPY), Amplify Energy (AMPY), Consolidated Edison (ED) and Enbridge (ENB).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (14.44%), State Street Corp (3.49%), Invesco Ltd. (2.22%), Banc Funds Co. LLC (1.48%), Geode Capital Management LLC (1.40%) and Bank of New York Mellon Corp (1.06%). 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, BlackRock Inc., Invesco Ltd., Morgan Stanley, Wellington Management Group LLP, Silvercrest Asset Management Group LLC, Bank of New York Mellon Corp, and Segment Wealth Management LLC. 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 institutional investors are buying Allegiance Bancshares stock?

ABTX stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Advisor Group Holdings Inc., Parametric Portfolio Associates LLC, WINTON GROUP Ltd, Geode Capital Management LLC, Trexquant Investment LP, Carlton Hofferkamp & Jenks Wealth Management LLC, and Aperio Group LLC. 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 $25.49.

How big of a company is Allegiance Bancshares?

Allegiance Bancshares has a market capitalization of $520.00 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 6/2/2020 by MarketBeat.com Staff