Allegiance Bancshares (NASDAQ:ABTX) Receives News Impact Score of 0.01
Media headlines about Allegiance Bancshares (NASDAQ:ABTX) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allegiance Bancshares earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1082320660791 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Allegiance Bancshares (NASDAQ ABTX) traded down 0.28% during mid-day trading on Friday, reaching $36.00. 48,160 shares of the company’s stock were exchanged. The stock has a market cap of $473.80 million, a PE ratio of 21.05 and a beta of 2.32. The company has a 50 day moving average price of $38.20 and a 200-day moving average price of $37.35. Allegiance Bancshares has a one year low of $25.10 and a one year high of $40.45.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.40 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 for the quarter, compared to the consensus estimate of $27.24 million. During the same period in the previous year, the firm earned $0.36 EPS. On average, analysts predict that Allegiance Bancshares will post $1.89 EPS for the current year.
A number of research firms recently weighed in on ABTX. BidaskClub downgraded Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. 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 reaffirmed a “buy” rating and set a $42.00 price target on shares of Allegiance Bancshares in a research report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price target on shares of Allegiance Bancshares in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.75.
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In other news, Director Thomas A. Reiser bought 11,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $36.53 per share, for a total transaction of $401,830.00. Following the completion of the purchase, the director now owns 189,190 shares in the company, valued at approximately $6,911,110.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daryl D. Bohls sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $39.67, for a total transaction of $59,505.00. Following the completion of the transaction, the insider now owns 7,927 shares in the company, valued at approximately $314,464.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,400 shares of company stock worth $245,900. 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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