November 23, 2016 - By Dolores Ford · 0 Comments
The stock of Allegiance Bancshares Incorporated (NASDAQ:ABTX) registered a decrease of 5.46% in short interest. ABTX’s total short interest was 250,900 shares in November as published by FINRA. Its down 5.46% from 265,400 shares, reported previously. With 13,700 shares average volume, it will take short sellers 18 days to cover their ABTX’s short positions. The short interest to Allegiance Bancshares Incorporated’s float is 2.28%. The stock closed at $30.8 during the last session. It is down 52.78% since April 21, 2016 and is uptrending. It has outperformed by 47.45% the S&P500.
Allegiance Bancshares, Inc. is a bank holding company. The company has a market cap of $398.12 million. Through its subsidiary, Allegiance Bank , the Company provides a range of commercial banking services primarily to Houston metropolitan area small to medium-sized businesses, professionals and individual customers. It has a 18.73 P/E ratio. 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.
Out of 2 analysts covering Allegiance Bancshares (NASDAQ:ABTX), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Allegiance Bancshares has been the topic of 5 analyst reports since November 2, 2015 according to StockzIntelligence Inc. Robert W. Baird initiated it with “Outperform” rating and $27 target price in Monday, November 2 report. The stock of Allegiance Bancshares Inc (NASDAQ:ABTX) has “Hold” rating given on Monday, November 2 by Sandler O’Neill. As per Wednesday, September 21, the company rating was downgraded by Robert W. Baird. As per Wednesday, November 4, the company rating was initiated by Keefe Bruyette & Woods.
Allegiance Bancshares, Inc., incorporated on April 30, 2008, 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 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. The Firm also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier’s checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Firm maintains an Internet banking Website that allows clients to obtain account balances and transfer funds among accounts. The Website also provides online bill payment and electronic delivery of customer statements. The Firm operates approximately 16 full-service banking locations in the Houston metropolitan area.
More recent Allegiance Bancshares Inc (NASDAQ:ABTX) news were published by: Globenewswire.com which released: “Allegiance Bancshares, Inc. Announces Departure of Chief Financial Officer” on August 24, 2016. Also Marketwatch.com published the news titled: “Allegiance Bancshares downgraded to neutral from outperform at RW Baird” on August 27, 2011. Finance.Yahoo.com‘s news article titled: “Allegiance Bancshares, Inc. Announces Third Quarter 2016 Earnings Release and …” with publication date: October 12, 2016 was also an interesting one.
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By Dolores Ford