Allegiance Bancshares (ABTX) Given Media Impact Score of 0.14
News articles about Allegiance Bancshares (NASDAQ:ABTX) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 44.588029050269 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Allegiance Bancshares (ABTX) traded up 1.46% during midday trading on Monday, hitting $34.80. 28,909 shares of the stock traded hands. Allegiance Bancshares has a one year low of $25.16 and a one year high of $40.45. The company’s 50-day moving average is $35.36 and its 200-day moving average is $37.41. The company has a market cap of $458.00 million, a PE ratio of 20.35 and a beta of 2.38.
Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings data 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). Allegiance Bancshares had a return on equity of 7.90% and a net margin of 19.75%. The business had revenue of $26.58 million during the quarter, compared to analyst estimates of $27.24 million. During the same period in the previous year, the company earned $0.36 EPS. Equities research analysts expect that Allegiance Bancshares will post $1.89 EPS for the current fiscal year.
Several brokerages have commented on ABTX. BidaskClub cut shares of Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stephens reissued a “buy” rating and issued a $42.00 price target on shares of Allegiance Bancshares in a research report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods set a $42.00 price target on shares of Allegiance Bancshares and gave the company a “hold” rating in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Allegiance Bancshares currently has an average rating of “Hold” and an average target price of $41.25.
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In other Allegiance Bancshares news, Director Thomas A. Reiser acquired 11,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $36.53 per share, with a total value of $401,830.00. Following the completion of the transaction, the director now directly owns 189,190 shares of the company’s stock, valued at $6,911,110.70. 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 the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $36.68, for a total transaction of $55,020.00. Following the completion of the sale, the insider now directly owns 7,927 shares of the company’s stock, valued at approximately $290,762.36. The disclosure for this sale can be found here. Insiders sold 33,900 shares of company stock valued at $1,210,738 in the last three months. Company insiders own 13.88% of the company’s stock.
About Allegiance Bancshares
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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