News articles about Allegiance Bancshares (NASDAQ:ABTX) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allegiance Bancshares earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.2748474217404 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Allegiance Bancshares (ABTX) traded up $0.30 on Friday, reaching $39.10. 30,597 shares of the company traded hands, compared to its average volume of 33,090. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. Allegiance Bancshares has a 1-year low of $30.20 and a 1-year high of $40.45. The company has a market cap of $515.40 and a PE ratio of 25.10.
Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.27). Allegiance Bancshares had a return on equity of 6.91% and a net margin of 16.88%. The business had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.81 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. equities research analysts predict that Allegiance Bancshares will post 1.71 EPS for the current fiscal year.
A number of analysts have commented on the stock. TheStreet raised shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a report on Tuesday, October 24th. BidaskClub lowered shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 price target on shares of Allegiance Bancshares in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.67.
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In other news, Director Umesh Jain sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $35.48, for a total transaction of $70,960.00. Following the completion of the sale, the director now owns 143,675 shares of the company’s stock, valued at approximately $5,097,589. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daryl D. Bohls sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $38.00, for a total transaction of $57,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,864 shares of company stock worth $3,071,420. 13.88% of the stock is owned by company insiders.
About Allegiance Bancshares
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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