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

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to Allegiance Bancshares include Associated Banc (ASB), Wintrust Financial (WTFC), Home Bancshares (HOMB), South State (SSB), Bancorpsouth Bank (BXS), First Interstate Bancsystem (FIBK), Columbia Banking System (COLB), Cathay General Bancorp (CATY), International Bancshares (IBOC), Ameris Bancorp (ABCB), ServisFirst Bancshares (SFBS), United Community Banks (UCBI), Hilltop (HTH), TowneBank (TOWN) and Renasant (RNST).

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).

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

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.

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.

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.

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 $23.69.

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.

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.