Allegiance Bancshares Inc (ABTX) to Release Earnings on Monday
Allegiance Bancshares Inc (NASDAQ:ABTX) will be posting its quarterly earnings results on Monday, April 24th.
Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings results on Tuesday, January 24th. The bank reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. Allegiance Bancshares had a return on equity of 8.32% and a net margin of 21.15%. The firm had revenue of $24.90 million for the quarter, compared to analysts’ expectations of $25.75 million. During the same period in the prior year, the business 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, reaching $37.35. The company’s stock had a trading volume of 21,298 shares. The firm has a 50 day moving average price of $36.86 and a 200 day moving average price of $33.11. The firm has a market cap of $488.28 million, a price-to-earnings ratio of 21.34 and a beta of 2.29. Allegiance Bancshares Inc has a 52-week low of $18.04 and a 52-week high of $39.41.
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods set a $38.00 price objective on Allegiance Bancshares and gave the stock a “hold” rating in a research report on Tuesday, April 4th. Zacks Investment Research lowered Allegiance Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 14th.
In other Allegiance Bancshares news, Director William S. Nichols III sold 3,514 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $36.43, for a total value of $128,015.02. Following the sale, the director now owns 1,181 shares in the company, valued at approximately $43,023.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daryl D. Bohls sold 3,000 shares of the company’s stock in a transaction dated 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 approximately $352,098.45. The disclosure for this sale can be found here. Insiders sold a total of 18,072 shares of company stock worth $626,170 in the last quarter. Corporate insiders own 16.04% of the company’s stock.
A hedge fund recently bought a new stake 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. Hedge funds and other institutional investors own 31.31% 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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