Analysts expect that Allegiance Bancshares Inc (NASDAQ:ABTX) will report $0.33 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Allegiance Bancshares’ earnings. The highest EPS estimate is $0.49 and the lowest is $0.19. Allegiance Bancshares posted earnings per share of $0.67 during the same quarter last year, which indicates a negative year over year growth rate of 50.7%. The company is scheduled to issue its next earnings results on Friday, July 24th.
According to Zacks, analysts expect that Allegiance Bancshares will report full-year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $2.17. For the next financial year, analysts anticipate that the business will report earnings of $1.46 per share, with EPS estimates ranging from $0.95 to $1.74. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Allegiance Bancshares.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings results on Thursday, April 30th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.18). Allegiance Bancshares had a net margin of 17.80% and a return on equity of 6.22%. The business had revenue of $47.75 million during the quarter, compared to analyst estimates of $46.23 million.
Several analysts recently issued reports on ABTX shares. TheStreet downgraded shares of Allegiance Bancshares from a “b-” rating to a “c” rating in a research report on Monday, March 9th. Stephens reduced their price target on shares of Allegiance Bancshares from $31.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Zacks Investment Research raised shares of Allegiance Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, BidaskClub downgraded shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Allegiance Bancshares presently has a consensus rating of “Hold” and a consensus price target of $32.50.
NASDAQ ABTX traded up $1.41 during mid-day trading on Tuesday, hitting $24.72. The company’s stock had a trading volume of 55,800 shares, compared to its average volume of 108,578. The company’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $30.20. Allegiance Bancshares has a twelve month low of $20.88 and a twelve month high of $38.95. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $508.98 million, a price-to-earnings ratio of 11.94 and a beta of 1.35.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, May 28th. Allegiance Bancshares’s dividend payout ratio is 15.56%.
A number of institutional investors and hedge funds have recently bought and sold shares of ABTX. Rhumbline Advisers boosted its holdings in Allegiance Bancshares by 120.0% during the 4th quarter. Rhumbline Advisers now owns 61,644 shares of the bank’s stock worth $2,318,000 after acquiring an additional 33,622 shares during the last quarter. State Street Corp boosted its holdings in shares of Allegiance Bancshares by 97.6% in the 4th quarter. State Street Corp now owns 706,400 shares of the bank’s stock worth $26,561,000 after buying an additional 348,888 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Allegiance Bancshares by 33.5% in the 4th quarter. Victory Capital Management Inc. now owns 4,874 shares of the bank’s stock worth $183,000 after buying an additional 1,223 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Allegiance Bancshares by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 119,034 shares of the bank’s stock worth $4,476,000 after buying an additional 952 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of Allegiance Bancshares in the 4th quarter worth about $685,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.
Allegiance Bancshares Company Profile
Allegiance Bancshares, Inc operates as the bank holding company for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, and savings accounts, as well as other time deposits comprising money market accounts and certificates of deposit.
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