Allegiance Bancshares Inc. (ABTX): ABTX moving down?


Allegiance Bancshares Inc. (NASDAQ:ABTX) changes shares on Tuesday trading session, with a change of -0.40% or -$0.1 shares. The trading starts at $25.58 and closed at $25.11 throughout the day. The trading session low price was $24.94 and day high was $25.88 on Tuesday, June 23. After the session, the Financial sector daily volume shifted to 94556.0 while its average volume is 105.12K. In other hand, the ABTX market cap reached to $520.46M. While, its current target price is $25.01 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.59% and up 0.68% for month. Its quarterly performance was 1.09% above, while its half year performance is down -34.13%. ABTX yearly performance stood at negative -23.05% and fall -33.48% for year-to-date. Current recommendation for Allegiance Bancshares Inc. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ABTX EPS (TTM) for 12-month is 2.07. EPS for this year is 4.50%, while for the next year its value is 1.43. Its EPS Q/Q reached -70.40%. It has an EPS of 14.40% up for past five years.

Let’s take a look on the analyst recommendations on ABTX for the current month and previous month. For the current month, 0 of 4 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $27.00-$32.00. Average target price for ABTX was reached at $28.67.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Allegiance Bancshares Inc. (ABTX) stock. On Mar 30, 2020, Blackrock Inc. has 2.94 million shares which valued 70.85 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 1.18 million shares which valued at 28.48 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 0.85 million shares which valued at 20.4 million. In the end, Dimensional Fund Advisors LP have 4.15% shares outstanding of Allegiance Bancshares Inc. (ABTX) on Mar 30, 2020. The insider ownership moved to 1.90% and institutional holding shifted to 51.20%.

The company posted an EPS (TTM) of 2.07. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of 0.35, while 0.66 EPS posted a year ago period. Analyst Estimated EPS for ABTX published in the report was 0.18-0.63 during the same period. Comparing with last year, the average estimated EPS was 0.66 which is higher than 0.17 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ABTX fall -20.77% for period of 200 days. SMA for 50 days was 1.40% which is showing green signal, while SMA-20 was -5.03%. The moving average value for Allegiance Bancshares Inc. (ABTX) is 30.27 and 25.06 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ABTX stock. On Mar 27, Williams Roland L., Director, sold 1,000 trading shares at the cost of $24.02, which valued at 24016.0. On Mar 26, Williams Roland L., Director, sold 1,000 shares at the cost of $25.03, with total shares of 140,586. On Mar 20, Williams Roland L., Director, sold 1,000 shares at the cost of 26.22. After this transaction, Williams Roland L. total shares reached to 141,586 which valued at 26215.0.