Allegiance Bancshares Inc (NASDAQ:ABTX) is set to post its quarterly earnings results on Monday, April 24th.

Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, January 24th. The bank reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The company had revenue of $24.90 million for the quarter, compared to analyst estimates of $25.75 million. Allegiance Bancshares had a net margin of 21.15% and a return on equity of 8.32%. During the same quarter last year, the firm posted $0.33 earnings per share. On average, analysts expect Allegiance Bancshares to post $1.91 EPS for the current fiscal year and $2.38 EPS for the next fiscal year.

Earnings History for Allegiance Bancshares (NASDAQ:ABTX)

Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) traded down 0.27% during mid-day trading on Friday, hitting $37.35. 21,298 shares of the company were exchanged. The stock’s 50-day moving average price is $36.86 and its 200 day moving average price is $33.11. The stock has a market cap of $488.28 million, a PE ratio of 21.34 and a beta of 2.29. Allegiance Bancshares Inc has a 12-month low of $18.04 and a 12-month high of $39.41.



A number of analysts have weighed in on the company. Keefe, Bruyette & Woods set a $38.00 price target on Allegiance Bancshares and gave the company a “hold” rating in a research report on Tuesday, April 4th. Zacks Investment Research cut Allegiance Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 14th.

TRADEMARK VIOLATION WARNING: “Allegiance Bancshares Inc (ABTX) to Release Earnings on Monday” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/04/21/allegiance-bancshares-inc-abtx-to-release-earnings-on-monday.html.

In other Allegiance Bancshares news, insider Robert Michael Neyland sold 10,249 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $33.24, for a total value of $340,676.76. Following the sale, the insider now directly owns 22,025 shares in the company, valued at $732,111. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daryl D. Bohls sold 3,000 shares of the company’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $37.35, for a total value of $112,050.00. Following the completion of the sale, the insider now owns 9,427 shares in the company, valued at $352,098.45. The disclosure for this sale can be found here. Insiders sold 18,072 shares of company stock worth $626,170 over the last quarter. Company insiders own 16.04% of the company’s stock.

An institutional investor recently bought a new position in Allegiance Bancshares stock. Dimensional Fund Advisors LP purchased a new position in shares of Allegiance Bancshares Inc (NASDAQ:ABTX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,030 shares of the bank’s stock, valued at approximately $218,000. 31.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:ABTX

Receive News & Stock Ratings for Allegiance Bancshares Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiance Bancshares Inc and related stocks with our FREE daily email newsletter.