Allegiance Bancshares Incorporated (NASDAQ:ABTX) Shorts Decreased by 6.18% After Short Covering


The stock of Allegiance Bancshares Incorporated (NASDAQ:ABTX) registered a decrease of 6.18% in short interest. ABTX’s total short interest was 264,000 shares in September as published by FINRA. Its down 6.18% from 281,400 shares, reported previously. With 19,300 shares average volume, it will take short sellers 14 days to cover their ABTX’s short positions. The short interest to Allegiance Bancshares Incorporated’s float is 2.4%. About 4,481 shares traded hands. Allegiance Bancshares Inc (NASDAQ:ABTX) has risen 47.31% since February 8, 2016 and is uptrending. It has outperformed by 30.82% the S&P500.

Allegiance Bancshares, Inc. is a bank holding company. The company has a market cap of $361.85 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 16.94 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), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Allegiance Bancshares has been the topic of 4 analyst reports since November 2, 2015 according to StockzIntelligence Inc. Sandler O’Neill initiated the stock on November 2 with “Hold” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply