Allegiance Bancshares Inc (ABTX) Releases Earnings Results, Beats Expectations By $0.15 EPS

Allegiance Bancshares Inc (ABTX) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $0.34. The company posted revenue of $26.75 million in the period, compared to analysts expectations of $22.90 million. The company’s revenue was up 12.2% compared to the same quarter last year.

In a different news, on Apr 21, 2016, Paul Michael Mann (director) purchased 585 shares at $17.09 per share price. According to the SEC, on Apr 21, 2016, Thomas A Reiser (director) purchased 2,000 shares at $18.00 per share price. On Apr 21, 2016, Iii Ramon A. Vitulli, (Executive Vice President) purchased 110 shares at $17.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Allegiance Bancshares Inc. is a holding company for Allegiance Bank (the Bank). The Bank provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses and individual customers. The Bank is focused on delivering a range of commercial and community-oriented banking products and services. The Bank provides its customers with a range of banking services including checking accounts savings accounts certificates of deposit bank-by-mail cashier’s checks travelers checks gift cards savings bonds personal loans automobile loans commercial loans mortgage loans home improvement loans and online banking services. The Bank also offers safe deposit boxes automated teller machines drive-through services and 24-hour depository facilities. The Bank operates approximately 16 banking locations in the Houston metropolitan area and two banking locations in Central Texas.

Allegiance Bancshares Inc

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