Allegiance Bancshares, Inc. (NASDAQ:ABTX) posted its earnings results on Tuesday. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27), Bloomberg Earnings reports. Allegiance Bancshares had a return on equity of 7.90% and a net margin of 19.75%. The firm had revenue of $28.46 million for the quarter, compared to analysts’ expectations of $28.81 million. During the same quarter last year, the company posted $0.42 EPS. The firm’s revenue was up 14.3% on a year-over-year basis.

Shares of Allegiance Bancshares (NASDAQ:ABTX) opened at 39.00 on Wednesday. Allegiance Bancshares has a 1-year low of $25.16 and a 1-year high of $40.45. The stock has a market cap of $513.28 million, a P/E ratio of 22.81 and a beta of 2.41. The company has a 50 day moving average price of $36.47 and a 200 day moving average price of $37.55.

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In related news, insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $36.68, for a total transaction of $55,020.00. Following the transaction, the insider now directly owns 7,927 shares of the company’s stock, valued at $290,762.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas A. Reiser acquired 11,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $36.53 per share, for a total transaction of $401,830.00. Following the completion of the acquisition, the director now owns 189,190 shares of the company’s stock, valued at $6,911,110.70. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 33,900 shares of company stock worth $1,208,983. 13.88% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on ABTX shares. Stephens reiterated a “buy” rating and set a $42.00 target price on shares of Allegiance Bancshares in a report on Thursday, June 29th. BidaskClub downgraded Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Keefe, Bruyette & Woods set a $42.00 price target on Allegiance Bancshares and gave the stock a “hold” rating in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.00.

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.

Earnings History for Allegiance Bancshares (NASDAQ:ABTX)

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