Allegiance Bancshares, Inc. (NASDAQ:ABTX) commercial banking and services provider, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.52 per share.
For the full year, analysts predict revenues of $ 212.39 million, while looking forward to income of $ 1.76 per share.
Previous Quarter Performance
Allegiance Bancshares, Inc. reported income for the second quarter of $ 0.48 per share, from the revenue of $ 52.41 million. The quarterly earnings reduced 27.27 percent while revenues raised 7.27 percent compared with the same quarter last year.
According to street consensus, ABTX was expected to report 2Q20 income of $ 0.24 per share from revenue of $ 50.05 million. The bottom line results beat street analysts by $ 0.24 or 100.00 percent, at the same time, top line results outshined analysts by $ 2.36 million or 4.72 percent.
Stock Performance
Shares of Allegiance Bancshares, Inc. traded low $ -0.33 or -1.20 percent on Wednesday, reaching $ 27.24 with volume of 54.80 thousand shares. Allegiance Bancshares, Inc. has traded high as $ 27.70 and has cracked $ 26.49 on the downward trend
According to the previous trading day, closing price of $ 27.24, representing a 32.04 % increase from the 52 week low of $ 20.88 and a 29.22 % decrease over the 52 week high of $ 38.95.
The company has a market capital of $ 556.56 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Allegiance Bancshares, Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.allegiancebank.com
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, and savings accounts, as well as other time deposits comprising money market accounts and certificates of deposit.
