Allegiance Bancshares - ABTX Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegiance Bancshares in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABTX shares.
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1 Wall Street research analysts have issued 1-year target prices for Allegiance Bancshares' stock. Their ABTX share price forecasts range from $43.00 to $43.00. On average, they predict the company's share price to reach $43.00 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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Allegiance Bancshares, Inc. (NASDAQ:ABTX) announced its quarterly earnings data on Wednesday, October, 27th. The bank reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by $0.07. The bank earned $60.27 million during the quarter, compared to the consensus estimate of $60.20 million. Allegiance Bancshares had a net margin of 28.90% and a trailing twelve-month return on equity of 9.86%. During the same quarter in the previous year, the firm posted $0.79 EPS.

Allegiance Bancshares declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.14 per share on Thursday, September 15th. This represents a $0.56 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, August 30th.
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Allegiance Bancshares (NASDAQ:ABTX) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.35%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABTX will have a dividend payout ratio of 17.28% next year. This indicates that the company will be able to sustain or increase its dividend.
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4 employees have rated Allegiance Bancshares Chief Executive Officer Ray Vitulli on Glassdoor.com. Ray Vitulli has an approval rating of 100% among the company's employees. This puts Ray Vitulli in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 (ET), Gilead Sciences (GILD), General Mills (GIS) and GSK (GSK).

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

Allegiance Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.54%), Vanguard Group Inc. (6.58%), Dimensional Fund Advisors LP (5.53%), State Street Corp (3.92%), Versor Investments LP (2.56%) and FOCUS Wealth Advisors LLC (1.00%). Insiders that own company stock include E Raimundo Riojas, Roland L Williams, Roland L Williams and Umesh Jain.
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One share of ABTX stock can currently be purchased for approximately $41.63.

Allegiance Bancshares (NASDAQ:ABTX) has a market capitalization of $830.93 million and generates $261.75 million in revenue each year. The bank earns $81.55 million in net income (profit) each year or $3.70 on an earnings per share basis.

The company employs 594 workers across the globe.

Allegiance Bancshares' mailing address is 8847 West Sam Houston Parkway N. Suite 200, HOUSTON TX, 77040. The official website for the company is www.allegiancebank.com. The bank can be reached via phone at (281) 894-3200, via email at ir@allegiancebank.com, or via fax at 281-894-0019.