Equities analysts expect Allegiance Bancshares, Inc. (NASDAQ:ABTX – Get Rating) to report earnings of $0.84 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Allegiance Bancshares’ earnings, with estimates ranging from $0.82 to $0.86. Allegiance Bancshares posted earnings of $0.89 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Allegiance Bancshares will report full year earnings of $2.28 per share for the current year, with EPS estimates ranging from $1.96 to $2.59. For the next year, analysts anticipate that the firm will post earnings of $2.57 per share, with EPS estimates ranging from $2.50 to $2.64. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Allegiance Bancshares.
Allegiance Bancshares (NASDAQ:ABTX – Get Rating) last posted its quarterly earnings results on Friday, January 28th. The bank reported $1.06 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 firm had revenue of $60.56 million during the quarter, compared to analyst estimates of $59.93 million.
A number of hedge funds have recently made changes to their positions in ABTX. ProShare Advisors LLC purchased a new stake in shares of Allegiance Bancshares during the fourth quarter worth about $200,000. Prospector Partners LLC bought a new position in Allegiance Bancshares during the 4th quarter valued at approximately $211,000. Arizona State Retirement System bought a new position in Allegiance Bancshares during the 4th quarter valued at approximately $218,000. Cubist Systematic Strategies LLC bought a new stake in shares of Allegiance Bancshares in the 3rd quarter worth approximately $238,000. Finally, Maryland State Retirement & Pension System purchased a new stake in Allegiance Bancshares in the third quarter worth $283,000. Hedge funds and other institutional investors own 52.06% of the company’s stock.
ABTX opened at $40.91 on Friday. The firm 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 one year low of $34.30 and a one year high of $46.00. The company has a fifty day moving average price of $43.33 and a 200-day moving average price of $42.31.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from Allegiance Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 25th. Allegiance Bancshares’s payout ratio is presently 14.00%.
About Allegiance Bancshares (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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