Allegiance Bancshares, Inc. (NASDAQ:ABTX) Expected to Announce Earnings of $0.84 Per Share

Brokerages expect Allegiance Bancshares, Inc. (NASDAQ:ABTXGet Rating) to post $0.84 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Allegiance Bancshares’ earnings. The lowest EPS estimate is $0.82 and the highest is $0.86. Allegiance Bancshares reported earnings of $0.89 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The business is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Allegiance Bancshares will report full-year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.59. For the next fiscal year, analysts expect that the company will report earnings of $2.57 per share, with EPS estimates ranging from $2.50 to $2.64. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Allegiance Bancshares.

Allegiance Bancshares (NASDAQ:ABTXGet Rating) last issued its quarterly earnings results on Friday, January 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.09. Allegiance Bancshares had a return on equity of 10.31% and a net margin of 31.16%. The business had revenue of $60.56 million during the quarter, compared to analyst estimates of $59.93 million.

A number of research analysts recently commented on ABTX shares. Zacks Investment Research downgraded Allegiance Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 4th. initiated coverage on shares of Allegiance Bancshares in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

A number of institutional investors have recently added to or reduced their stakes in ABTX. Maryland State Retirement & Pension System bought a new stake in Allegiance Bancshares during the third quarter worth approximately $283,000. IndexIQ Advisors LLC raised its stake in shares of Allegiance Bancshares by 11.1% in the third quarter. IndexIQ Advisors LLC now owns 11,090 shares of the bank’s stock valued at $423,000 after acquiring an additional 1,111 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Allegiance Bancshares in the 3rd quarter worth about $458,000. Cetera Investment Advisers boosted its stake in shares of Allegiance Bancshares by 1.1% during the 3rd quarter. Cetera Investment Advisers now owns 20,935 shares of the bank’s stock worth $799,000 after purchasing an additional 238 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Allegiance Bancshares by 26.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 22,767 shares of the bank’s stock valued at $869,000 after purchasing an additional 4,828 shares during the last quarter. 52.06% of the stock is currently owned by institutional investors.

NASDAQ:ABTX opened at $40.91 on Friday. The stock has a 50-day moving average price of $43.33 and a 200 day moving average price of $42.31. The stock has a market capitalization of $833.21 million, a P/E ratio of 10.23 and a beta of 0.92. Allegiance Bancshares has a 12-month low of $34.30 and a 12-month high of $46.00.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 25th. This is an increase from Allegiance Bancshares’s previous quarterly dividend of $0.12. Allegiance Bancshares’s dividend payout ratio is 14.00%.

Allegiance Bancshares Company Profile (Get Rating)

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.

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Earnings History and Estimates for Allegiance Bancshares (NASDAQ:ABTX)

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