News articles about Allegiance Bancshares (NASDAQ:ABTX) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news 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 impact score of 0.09 on Accern’s scale. Accern also gave news stories about the bank an impact score of 44.6159572750542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Allegiance Bancshares (NASDAQ ABTX) traded down 0.375% during mid-day trading on Wednesday, hitting $33.175. 68,537 shares of the stock were exchanged. The company’s 50-day moving average is $36.61 and its 200-day moving average is $37.62. The firm has a market cap of $436.62 million, a price-to-earnings ratio of 19.401 and a beta of 2.38. Allegiance Bancshares has a 1-year low of $25.16 and a 1-year high of $40.45.

Allegiance Bancshares (NASDAQ:ABTX) last issued its earnings results on Tuesday, July 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.06. The business had revenue of $26.58 million during the quarter, compared to the consensus estimate of $27.24 million. Allegiance Bancshares had a net margin of 19.75% and a return on equity of 7.90%. During the same period last year, the business posted $0.36 EPS. Equities research analysts anticipate that Allegiance Bancshares will post $1.89 earnings per share for the current fiscal year.

Several research analysts have recently commented on ABTX shares. Zacks Investment Research lowered shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Stephens reissued a “buy” rating and set a $42.00 target price on shares of Allegiance Bancshares in a research note on Thursday, June 29th. BidaskClub raised shares of Allegiance Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods set a $42.00 target price on shares of Allegiance Bancshares and gave the company a “hold” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Allegiance Bancshares currently has a consensus rating of “Hold” and an average target price of $41.25.

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In other news, insider Daryl D. Bohls sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $39.17, for a total value of $58,755.00. Following the transaction, the insider now owns 7,927 shares of the company’s stock, valued at approximately $310,500.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Umesh Jain sold 5,088 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $35.33, for a total transaction of $179,759.04. Following the completion of the transaction, the director now directly owns 132,275 shares in the company, valued at approximately $4,673,275.75. The disclosure for this sale can be found here. Insiders sold a total of 33,900 shares of company stock worth $1,221,883 in the last ninety days. Insiders own 13.88% 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.

Insider Buying and Selling by Quarter for Allegiance Bancshares (NASDAQ:ABTX)

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