Equities research analysts expect that Allegiance Bancshares Inc (NASDAQ:ABTX) will post earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Allegiance Bancshares’ earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.63. Allegiance Bancshares reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year over year growth rate of 190.9%. The business is scheduled to issue its next quarterly earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Allegiance Bancshares will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.57. For the next year, analysts anticipate that the business will post earnings of $3.15 per share, with EPS estimates ranging from $3.14 to $3.16. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Allegiance Bancshares.

Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The business had revenue of $29.62 million for the quarter, compared to analysts’ expectations of $30.06 million. Allegiance Bancshares had a net margin of 15.77% and a return on equity of 8.66%.

Several brokerages have recently weighed in on ABTX. Raymond James began coverage on shares of Allegiance Bancshares in a research note on Tuesday, October 2nd. They set a “strong-buy” rating and a $48.00 price target on the stock. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, September 26th. Finally, BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.67.

In related news, Director Paul Michael Mann sold 5,889 shares of Allegiance Bancshares stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $45.09, for a total transaction of $265,535.01. Following the transaction, the director now owns 35,020 shares in the company, valued at approximately $1,579,051.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Fred S. Robertson bought 2,250 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of $44.47 per share, for a total transaction of $100,057.50. Following the purchase, the director now owns 4,606 shares in the company, valued at approximately $204,828.82. The disclosure for this purchase can be found here. Insiders have sold a total of 16,924 shares of company stock worth $763,828 in the last quarter. Corporate insiders own 12.74% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sheets Smith Wealth Management purchased a new position in shares of Allegiance Bancshares during the 3rd quarter valued at $245,000. Northern Trust Corp lifted its stake in shares of Allegiance Bancshares by 4.0% during the 2nd quarter. Northern Trust Corp now owns 142,573 shares of the bank’s stock valued at $6,181,000 after buying an additional 5,457 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Allegiance Bancshares by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,654 shares of the bank’s stock valued at $2,413,000 after buying an additional 2,084 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Allegiance Bancshares by 20.8% during the 2nd quarter. Stephens Investment Management Group LLC now owns 178,090 shares of the bank’s stock valued at $7,765,000 after buying an additional 30,712 shares in the last quarter. Finally, Teton Advisors Inc. lifted its stake in shares of Allegiance Bancshares by 5.0% during the 2nd quarter. Teton Advisors Inc. now owns 71,200 shares of the bank’s stock valued at $3,087,000 after buying an additional 3,400 shares in the last quarter. Institutional investors own 45.97% of the company’s stock.

Shares of Allegiance Bancshares stock opened at $40.12 on Friday. The firm has a market cap of $534.70 million, a PE ratio of 25.39 and a beta of 1.83. Allegiance Bancshares has a 1-year low of $36.10 and a 1-year high of $46.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.08 and a current ratio of 1.08.

Allegiance Bancshares Company Profile

Allegiance Bancshares, Inc operates as the bank holding company for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, savings accounts, and other time deposits comprising money market accounts and certificates of deposit.

Featured Story: Penny Stocks, Risk and Reward Factors

Get a free copy of the Zacks research report on Allegiance Bancshares (ABTX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Allegiance Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiance Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.