Media coverage about Allegiance Bancshares (NASDAQ:ABTX) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allegiance Bancshares earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 50.0980992961275 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near future.
ABTX has been the topic of several research analyst reports. Zacks Investment Research cut shares of Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. TheStreet raised shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.00 target price on shares of Allegiance Bancshares in a research note on Thursday, October 26th. Finally, BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.33.
Allegiance Bancshares (ABTX) traded down $0.05 during trading hours on Friday, hitting $39.05. 12,700 shares of the stock traded hands, compared to its average volume of 29,949. Allegiance Bancshares has a one year low of $31.75 and a one year high of $41.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $521.33 and a price-to-earnings ratio of 29.81.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). Allegiance Bancshares had a net margin of 14.07% and a return on equity of 7.19%. The business had revenue of $33.62 million for the quarter, compared to the consensus estimate of $30.36 million. During the same quarter last year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts forecast that Allegiance Bancshares will post 2.56 earnings per share for the current year.
In other Allegiance Bancshares news, insider Paul P. Egge sold 766 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $40.37, for a total value of $30,923.42. Following the completion of the transaction, the insider now directly owns 9,934 shares in the company, valued at $401,035.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daryl D. Bohls sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $37.64, for a total transaction of $56,460.00. Following the completion of the transaction, the insider now owns 7,927 shares of the company’s stock, valued at $298,372.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,222 shares of company stock valued at $2,130,821. 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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