Allegiance Bancshares (ABTX) Stock Price, News & Analysis

Company Overview

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, money market accounts, savings accounts, and other time deposits; and certificates of deposit. The company's loan portfolio comprises commercial and industrial loans; commercial real estate loans, including multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans, such as 1-4 family residential mortgage loans; residential construction loans; and consumer and other loans. In addition, it offers automated teller machine services, drive-through services, and depository facilities; mobile banking services; and telephone, mail, and Internet banking services. Further, the company provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository services, direct deposits, cashier's checks, and letters of credit. As of December 31, 2021, it operated 27 full-service banking locations, including 26 bank offices in the Houston metropolitan area and one office in Beaumont. The company was founded in 2007 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $41.21 to $42.52
• 50-Day Range: $41.27 to $44.37
• 52-Week Range: $37.04 to $46.96
• Volume: 104,389 shs
• Average Volume: 80,659 shs
• Market Capitalization: $830.93 million
• P/E Ratio: 11.25
• Dividend Yield: 1.35%
• Price Target: N/A
• Consensus Rating: N/A

Allegiance Bancshares Stock Analysis - MarketRank™

Allegiance Bancshares scored higher than 42% of companies evaluated by MarketBeat, and ranked 731st out of 949 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Allegiance Bancshares.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.46%

Earnings Growth

Earnings for Allegiance Bancshares are expected to grow by 9.46% in the coming year, from $2.96 to $3.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Allegiance Bancshares is 11.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.25.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allegiance Bancshares is 11.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 43.31.

Price to Book Value per Share Ratio

Allegiance Bancshares has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ABTX.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Allegiance Bancshares pays a meaningful dividend of 1.35%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Allegiance Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Allegiance Bancshares is 15.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Allegiance Bancshares will have a dividend payout ratio of 17.28% next year. This indicates that Allegiance Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -0.92

Short Interest

There is no current short interest data available for ABTX.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.15

News Coverage This Week

MarketBeat has tracked 3 news articles for Allegiance Bancshares this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Allegiance Bancshares insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.84% of the stock of Allegiance Bancshares is held by insiders.

Percentage Held by Institutions

59.62% of the stock of Allegiance Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ABTX Stock Analysis - Frequently Asked Questions

How were Allegiance Bancshares' earnings last quarter?

Allegiance Bancshares, Inc. (NASDAQ:ABTX) released its earnings results on Wednesday, October, 27th. The bank reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.07. The bank earned $60.27 million during the quarter, compared to analyst estimates of $60.20 million. Allegiance Bancshares had a net margin of 28.90% and a trailing twelve-month return on equity of 9.86%.

What other stocks do shareholders of Allegiance Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Allegiance Bancshares investors own include Meta Platforms (META), JPMorgan Chase & Co. (JPM), M&T Bank (MTB), Occidental Petroleum (OXY), PayPal (PYPL), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/27/2021
• Today: 11/02/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State Commercial Banks
• Sub-Industry: N/A
• Current Symbol: NASDAQ:ABTX
• CUSIP: N/A
• CIK: 1642081
• Web: www.allegiancebank.com
• Phone: (281) 894-3200
• Fax: 281-894-0019
• Employees: 594
• Year Founded: 2007

Profitability

• EPS (Most Recent Fiscal Year): $3.70
• Trailing P/E Ratio: 11.25
• Forward P/E Ratio: 14.06
• P/E Growth: N/A
• Net Income: $81.55 million
• Net Margins: 28.90%
• Pretax Margin: 35.53%
• Return on Equity: 9.86%
• Return on Assets: 1.09%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.77
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $261.75 million
• Price / Sales: 3.17
• Cash Flow: $4.76 per share
• Price / Cash Flow: 8.75
• Book Value: $40.32 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 19,960,000
• Free Float: 18,794,000
• Market Cap: $830.93 million
• Optionable: Not Optionable
• Beta: 0.90