About
About Allegiance Bancshares Inc
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, money market accounts, savings accounts, and other time deposits; and certificates of deposit. The company's loan portfolio comprises commercial and industrial loans; commercial real estate loans, including multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans, such as 1-4 family residential mortgage loans; residential construction loans; and consumer and other loans. In addition, it offers automated teller machine services, drive-through services, and depository facilities; mobile banking services; and telephone, mail, and Internet banking services. Further, the company provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository services, direct deposits, cashier's checks, and letters of credit. As of December 31, 2021, it operated 27 full-service banking locations, including 26 bank offices in the Houston metropolitan area and one office in Beaumont. The company was founded in 2007 and is headquartered in Houston, Texas.
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5 years, 4 months ago
Allegiance Bancshares, Inc is currently in a long term uptrend where the price is trading 2.5% above its 200 day moving average.
From a valuation standpoint, the stock is 55.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 4.0.
Allegiance Bancshares, Inc's total revenue rose by 18.8% to $57M since the same quarter in the previous year.
Its net income has increased by 14.0% to $16M since the same quarter in the previous year.
Finally, its free cash flow grew by 98.0% to $22M since the same quarter in the previous year.
Based on the above factors, Allegiance Bancshares, Inc gets an overall score of 5/5.