NASDAQ: ABTX at https://www.webull.com/quote/nasdaq-abtx is mainly a bank holding company for the Allegiance Bank. It provides commercial banking services from small to medium-sized businesses, professionals, and individual customers. This company also provides various loan products (commercials and industrial loans, real estate loans, multi-family loans, residential loans) and ATM services, drive-through services, mobile bank services, etc.
Check out the latest NASDAQ: ABTX stock reports:
- Current stock Price: ABTX’s stock was trading at $26.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then its stock value decreased by 12.4% and is trading now at $23.04(as of 19th July 2020).
- Last Quarter Earnings: This organization earned $47.75 million during the quarter, compared to the consensus estimate of $46.23million. ABUS reported earnings per share (EPS) for the quarter is $0.17 beating the Zacks’ consensus estimate of ($0.35) Next earning date is scheduled to release on Thursday, 30th July of
- Profitability: Profit margin is a useful ratio and can help provide an insight into a variety of aspects of financial performance. The profit margin may also indicate certain things about the company’s ability to manage its expenses. The company has a market capitalization of $470.02 million and generates $246.33 million in revenue each year. As of the most recent Fiscal, the Year company’s earnings per share is $2.57 and Net income (Profit) is $52.96 million.
- Price target: Research analysts have issued 1-year price targets which range from $27.00 to $27.00. On average, they expect the share price to reach $27.00 in the next year which suggests an increase of 17.2%from the stock current price.
Key competitors of ABTX:
Competitors related to NASDAQ: ABTX are ServisFist Bancshares(SFBS), Independent Bank Group (IBTX), Hiltop(HTH), South State (SSB), Ameris Bancorp(ABCB), Unite Community Banks (UCBI), Texas Capital Bancshares (TCBI), TowneBank(TOWN), Renasant(RNST), Pacific Premier Bancorp(PPBI), Banner(BANR), Lakeland Financial (LKFN), First Bancorp(FBP) and others competitors.
ABTX current Price to earnings ratio:
It is the ratio of the company’s stock price to the company’s earnings per share and is used to compare the valuation of a company with peers in the industry. Its Forward P/E ratio is 15.46 and the trailing P/E ratio is 11.13. News related to ABTX stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The researchers identify negative and positive media coverage by reviewing more than six thousand news and blog sources. ABTX got coverage by the media recently indicating it will affect the company’s share price in the next several days. So, If you are a beginner, you must analyze the current ups and downs of NASDAQ: ABTX or stock market news before you invest your money. Follow the current analysis reports and decide wisely! Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.