Media headlines about Allegiance Bancshares (NASDAQ:ABTX) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegiance Bancshares earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.9156047977951 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Allegiance Bancshares (NASDAQ ABTX) opened at $37.25 on Friday. The company has a market capitalization of $491.03, a P/E ratio of 24.67 and a beta of 2.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. Allegiance Bancshares has a one year low of $27.75 and a one year high of $40.45.
Allegiance Bancshares (NASDAQ:ABTX) last released its earnings results on Tuesday, October 24th. The bank reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.27). The firm had revenue of $28.46 million during the quarter, compared to analysts’ expectations of $28.81 million. Allegiance Bancshares had a net margin of 16.88% and a return on equity of 6.91%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. analysts expect that Allegiance Bancshares will post 1.71 earnings per share for the current year.
A number of equities research analysts have recently weighed in on ABTX shares. TheStreet upgraded Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods set a $42.00 price objective on Allegiance Bancshares and gave the stock a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub lowered Allegiance Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.67.
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In other news, insider Daryl D. Bohls sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $37.17, for a total value of $55,755.00. Following the completion of the transaction, the insider now owns 7,927 shares in the company, valued at approximately $294,646.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Umesh Jain sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.01, for a total value of $1,326,340.00. Following the completion of the transaction, the director now owns 132,275 shares of the company’s stock, valued at approximately $5,160,047.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,576 shares of company stock valued at $3,420,346. 13.88% of the stock is currently owned by company insiders.
Allegiance Bancshares Company Profile
Allegiance Bancshares, Inc is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet.
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