Allegiance Bancshares, Inc. (ABTX) to Release Quarterly Earnings on Monday
Allegiance Bancshares, Inc. (NASDAQ:ABTX) is scheduled to issue its quarterly earnings data on Monday, October 23rd. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.06). Allegiance Bancshares had a return on equity of 7.90% and a net margin of 19.75%. The firm had revenue of $26.58 million for the quarter, compared to analyst estimates of $27.24 million. During the same quarter last year, the company earned $0.36 earnings per share. On average, analysts expect Allegiance Bancshares to post $1.88 EPS for the current fiscal year and $2.44 EPS for the next fiscal year.
Shares of Allegiance Bancshares, Inc. (NASDAQ:ABTX) opened at 39.00 on Friday. The stock’s 50 day moving average is $36.28 and its 200 day moving average is $37.55. The firm has a market capitalization of $513.28 million, a PE ratio of 22.81 and a beta of 2.41. Allegiance Bancshares, Inc. has a 52-week low of $25.16 and a 52-week high of $40.45.
In related news, insider Daryl D. Bohls sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $38.00, for a total transaction of $57,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Umesh Jain sold 10,100 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.03, for a total transaction of $363,903.00. Following the sale, the director now owns 145,675 shares of the company’s stock, valued at $5,248,670.25. The disclosure for this sale can be found here. Insiders have sold a total of 33,900 shares of company stock valued at $1,208,983 over the last quarter. 13.88% of the stock is currently owned by company insiders.
A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stephens reiterated a “buy” rating and set a $42.00 price target on shares of Allegiance Bancshares in a report on Thursday, June 29th. Zacks Investment Research lowered shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods set a $42.00 price target on shares of Allegiance Bancshares and gave the company a “hold” rating in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Allegiance Bancshares currently has a consensus rating of “Hold” and a consensus price target of $41.00.
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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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