Press coverage about Allegiance Bancshares (NASDAQ:ABTX) has been trending positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegiance Bancshares earned a news impact score of 0.26 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.7364394505684 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities research analysts have weighed in on ABTX shares. TheStreet upgraded shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. BidaskClub downgraded shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 target price on shares of Allegiance Bancshares in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.00.
Allegiance Bancshares (ABTX) opened at $39.30 on Friday. The firm has a market cap of $518.03 and a P/E ratio of 26.03. Allegiance Bancshares has a 52-week low of $31.20 and a 52-week high of $40.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69.
Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.27). Allegiance Bancshares had a net margin of 10.49% and a return on equity of 3.98%. The company had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.81 million. During the same quarter last year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. equities analysts expect that Allegiance Bancshares will post 1.59 EPS for the current year.
In related news, Director Paul Michael Mann sold 4,195 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.50, for a total transaction of $169,897.50. Following the completion of the transaction, the director now directly owns 42,752 shares of the company’s stock, valued at $1,731,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Umesh Jain sold 34,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.01, for a total transaction of $1,326,340.00. Following the transaction, the director now directly owns 132,275 shares of the company’s stock, valued at $5,160,047.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,859 shares of company stock valued at $2,730,508. 13.88% of the stock is owned by corporate insiders.
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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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