Allegiance Bancshares (ABTX) Earns Daily News Sentiment Score of 0.34
Press coverage about Allegiance Bancshares (NASDAQ:ABTX) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allegiance Bancshares earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.378132244624 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Allegiance Bancshares (NASDAQ ABTX) traded up $0.20 during trading on Friday, reaching $38.15. The company’s stock had a trading volume of 28,858 shares, compared to its average volume of 33,524. The company has a market cap of $502.89, a P/E ratio of 25.27 and a beta of 2.34. 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 12 month low of $31.20 and a 12 month high of $40.53.
Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.27). Allegiance Bancshares had a net margin of 16.88% and a return on equity of 6.91%. The business had revenue of $28.46 million during the quarter, compared to the consensus estimate of $28.81 million. During the same period last year, the company earned $0.42 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. equities analysts anticipate that Allegiance Bancshares will post 1.59 EPS for the current year.
Several equities analysts have commented on the company. BidaskClub raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. TheStreet raised Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Allegiance Bancshares in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Allegiance Bancshares presently has a consensus rating of “Hold” and an average target price of $43.00.
In other Allegiance Bancshares news, Director Paul Michael Mann sold 4,100 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $40.40, for a total value of $165,640.00. Following the completion of the sale, the director now directly owns 42,752 shares in the company, valued at approximately $1,727,180.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daryl D. Bohls sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $38.00, for a total value of $57,000.00. The disclosure for this sale can be found here. Insiders sold a total of 69,859 shares of company stock valued at $2,730,358 over the last quarter. Company insiders own 13.88% of the company’s stock.
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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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