Allegiance Bancshares Inc (ABTX) to Release Earnings on Monday
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.
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.
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.
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