Allegiance Bancshares (ABTX) Given News Impact Rating of 0.46
News coverage about Allegiance Bancshares (NASDAQ:ABTX) has been trending positive recently, AlphaOne Sentiment reports. The research firm, a division of Accern, identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegiance Bancshares earned a daily sentiment score of 0.46 on AlphaOne’s scale. AlphaOne also gave press coverage about the bank an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Allegiance Bancshares (NASDAQ:ABTX) opened at 38.10 on Friday. The stock has a market cap of $499.07 million, a PE ratio of 22.27 and a beta of 2.29. Allegiance Bancshares has a 52-week low of $22.03 and a 52-week high of $40.00. The firm has a 50-day moving average price of $38.24 and a 200 day moving average price of $34.78.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, April 25th. The bank reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. Allegiance Bancshares had a return on equity of 8.32% and a net margin of 21.15%. The company had revenue of $25.47 million during the quarter, compared to analyst estimates of $25.25 million. During the same quarter last year, the company earned $0.49 EPS. On average, analysts forecast that Allegiance Bancshares will post $1.96 earnings per share for the current fiscal year.
Several brokerages recently issued reports on ABTX. Zacks Investment Research downgraded Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price target on shares of Allegiance Bancshares in a report on Wednesday, April 26th. Finally, Stephens reiterated a “buy” rating on shares of Allegiance Bancshares in a report on Tuesday, April 25th.
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In other Allegiance Bancshares news, insider Daryl D. Bohls sold 3,000 shares of Allegiance Bancshares stock in a transaction on Monday, April 10th. The stock was 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 of the company’s stock, valued at approximately $352,098.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $38.96, for a total value of $58,440.00. Following the completion of the sale, the insider now directly owns 7,927 shares of the company’s stock, valued at approximately $308,835.92. The disclosure for this sale can be found here. In the last three months, insiders sold 9,583 shares of company stock valued at $358,638. Corporate insiders own 16.04% of the company’s stock.
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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