Allegiance Bancshares trades as part of the banking industry and is in the financial services sector. The company CEO is George Martinez. Allegiance Bancshares Inc is a bank holding company. The company through its subsidiary provides diversified commercial banking services to Houston metropolitan area-based small to medium-sized businesses and individual customers.



Previous Intraday Performance:

The ABTX shares had a previous change of 1.57% which opened at 34.60 and closed at 34.95. It moved to an intraday high of 35.03 and a low of 34.59.

SeekingAlpha:  Allegiance Bancshares misses by $0.06, misses on revenue

Historical Performance:

Over the last five trading days, ABTX shares returned -0.40% and in the past 30 trading days it returned -5.16%. Over three months, it changed -9.92%. In one year it has changed -17.18% and within that year its 52 week high was 46.85 and its 52 week low was 28.58. ABTX stock is 22.29% above its 52 week low.

Our calculations result in a 200 day moving average of 38.01 and a 50 day moving average of 35.37. Right now, ABTX stock is trading -8.05% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  Allegiance Bancshares misses by $0.06, misses on revenue

Liquidity:

The company has a market cap of $745.9m with 21.3m shares outstanding and a float of 20.6m shares. Trading volume was 69,311 shares and has experienced an average volume of 72,098 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Allegiance Bancshares was 2.37 which ended on 31st of December 2018, which according to the previous close, that is a PE of 14.75. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.63. The trailing twelve month EPS reported is 2.52 (trailing twelve month diluted EPS is 2.37), which comes to a trailing twelve month PE of 13.87.

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019 0.58
4thQtr 2018 0.59
3rdQtr 2018 0.65
2ndQtr 2018 0.55
1stQtr 2018 0.57

Base on our calculations, the intrinsic value per share is 44.73, which means it might be undervalued and has a margin of safety of 21.86%.

The long-term trend of the EPS is a vital number as it helps understand the future potential of Allegiance Bancshares; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been 6.20% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 3.40% of insider ownership and 45.20% of institutional ownership.

The beta was calculated to be 1.46.

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 8.32%, return on assets is 1.10%, profit margin is 21.98%, price-to-sales is 3.82 and price-to-book is 1.06.

Company Score Card:

Results are out of six:
 3  : Growth Expectations Result
 5  : Financial Safety Result
 3  : Past Performance Result
 4  : Valuation Result
 0  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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