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NASDAQ:ABTX

Allegiance Bancshares Stock Forecast, Price & News

$22.03
-0.11 (-0.50 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$21.84
Now: $22.03
$22.22
50-Day Range
$21.70
MA: $25.39
$27.11
52-Week Range
$20.88
Now: $22.03
$38.95
Volume43,261 shs
Average Volume90,332 shs
Market Capitalization$450.12 million
P/E Ratio11.66
Dividend Yield1.81%
Beta1.27
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: 2.0Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 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$2.79 per share
Book Value$34.57 per share

Profitability

Net Income$52.96 million

Miscellaneous

Employees569
Market Cap$450.12 million
Next Earnings Date10/23/2020 (Estimated)
OptionableNot Optionable
$22.03
-0.11 (-0.50 %)
(As of 09/25/2020 12:00 AM 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 been impacted by COVID-19 (Coronavirus)?

Allegiance Bancshares' stock was trading at $26.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ABTX stock has decreased by 16.3% and is now trading at $22.03.
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) released its earnings results on Thursday, July, 30th. The bank reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.24. The bank had revenue of $52.41 million for 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, July 23rd. Investors of record on Monday, August 31st will be given a dividend of $0.10 per share on Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, August 28th.
View Allegiance Bancshares' dividend history
.

What price target have analysts set for ABTX?

2 brokers have issued 12-month target prices for Allegiance Bancshares' shares. Their forecasts range from $27.00 to $27.00. On average, they expect Allegiance Bancshares' stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts' price targets for Allegiance Bancshares
.

Are investors shorting Allegiance Bancshares?

Allegiance Bancshares saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 585,300 shares, a decrease of 11.3% from the August 15th total of 659,500 shares. Based on an average daily volume of 59,300 shares, the short-interest ratio is currently 9.9 days. Approximately 3.1% of the shares of the stock 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 AbbVie (ABBV), Adobe (ADBE), Arthur J Gallagher & Co (AJG), British American Tobacco (BTI), Consolidated Edison (ED), Enbridge (ENB), Energy Transfer LP Unit (ET), Gilead Sciences (GILD), General Mills (GIS) and GlaxoSmithKline (GSK).

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 Vanguard Group Inc. (5.97%), 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%) and Principal Financial Group Inc. (0.69%). Company insiders that own Allegiance Bancshares stock include David B Moulton, E Raimundo Riojas, Frances H Jeter, Fred S Robertson, George Martinez, Louis A Jr Waters, 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 Banc Funds Co. LLC, Goldman Sachs Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Prudential Financial Inc., Trexquant Investment LP, PNC Financial Services Group Inc., and Carlton Hofferkamp & Jenks Wealth Management LLC. Company insiders that have sold Allegiance Bancshares company stock in the last year include Roland L Williams, and Umesh Jain.
View insider buying and selling activity for Allegiance Bancshares
.

Which major investors are buying Allegiance Bancshares stock?

ABTX stock was acquired by a variety of institutional investors in the last quarter, including Cubist Systematic Strategies LLC, Vanguard Group Inc., Swiss National Bank, WINTON GROUP Ltd, California Public Employees Retirement System, Charles Schwab Investment Management Inc., HWG Holdings LP, and SG Americas Securities LLC. Company insiders that have bought Allegiance Bancshares stock in the last two years include E Raimundo Riojas, 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 $22.03.

How big of a company is Allegiance Bancshares?

Allegiance Bancshares has a market capitalization of $450.12 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 9/26/2020 by MarketBeat.com Staff

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