Don’t Miss Out on this Buy-In Window for Allegiance Bancshares Inc. (ABTX)

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Allegiance Bancshares Inc. kicked off the trading day on 10/10/19 with a price decrease of -1.79%, equivalent to -$0.61 relative change for the day. Taking a more long-term approach, ABTX had a 52-week range of $28.58 to $42.56. At the time of this article’s publishing, this stock is trading at $33.49 after starting the trading session at $33.77. At the time of writing, this stock’s 50-day Moving Average stands at $32.72, while the 200-day Moving Average of this stock is currently $34.44.

Currently, this company’s share volume is sitting at $4729608, but has maintained average daily volume of $116.90K. This stock has generated an average Year to Date volume of $117183, alongside an average 20-day volume of $447800. This publicly-traded company’s shares outstanding now amounts to $20.96 million, simultaneously with a float of $19.21 million. The organization now has a market capitalization sitting at $701.95 million.

Allegiance Bancshares Inc.(ABTX) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. Allegiance Bancshares Inc.’s current insider ownership accounts for 1.80%, in contrast to 34.60% institutional ownership. According to the most recent latest insider trade that took place on Sep 27 this organization’s Director sold 2,000 at the rate of 32.17, making the entire transaction hit 64,344 in total value, affecting insider ownership by 150,468. Preceding that transaction, on Sep 26 Company’s Director sold 2,000 at a price of 32.79, making the whole transaction’s value amount to 65,572. This particular insider is now the holder of 152,468 in total.

If we take a glance at the Ownership summary of Allegiance Bancshares Inc.’s stock, Institutional holders make up 34.60% of its total stock ownership. All together, they are the legal holders of 20.96M shares. If we focus on the top 3 stockholders for this publicly-traded organization, BlackRock Fund Advisors owns 953,987 shares, with The Vanguard Group, Inc. in 2nd place owning 770,684 shares and Dimensional Fund Advisors LP in third place with total ownership of 519,294 shares.

Allegiance Bancshares Inc. (ABTX) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on 6/29/2019, the organization reported $0.66 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at $0.65) by $0.01.

This company achieved a net margin of 27.91 while generating a return on equity of 8.87. Allegiance Bancshares Inc.’s full-quarter revenue increased by 64.89%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.67 per share during the current fiscal year.

Allegiance Bancshares Inc.’s EPS increase for this current 12-month fiscal period is 57.20%, and is forecasted to reach 2.70 in the upcoming year.

Additional Trading Performance Indicators

The company has managed to achieve an average true range (ATR) of 1.10. Alongside those, its PE Ratio stands at $13.51, and its Beta score is 1.39.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.38 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 11.98. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 1.01, whereas its price to cash per share for the last quarter landed at 11.52.

In the same vein, ABTX’s Diluted EPS (Earnings per Share) trailing twelve months was posted at 2.48, a figure that is expected to reach 0.67 in the next reported quarter, and analysts expect it will be 2.70 at the market close of one year from today’s date.