What’s Propelling Allegiance Bancshares Inc (NASDAQ:ABTX) After Lower Shorts Reported?

The stock of Allegiance Bancshares Inc (NASDAQ:ABTX) registered a decrease of 18.93% in short interest. ABTX’s total short interest was 351,600 shares in July as published by FINRA. Its down 18.93% from 433,700 shares, reported previously. With 91,900 shares average volume, it will take short sellers 4 days to cover their ABTX’s short positions.

The stock increased 1.79% or $0.6 during the last trading session, reaching $34.11. About 56,335 shares traded. Allegiance Bancshares, Inc. (NASDAQ:ABTX) has declined 16.34% since July 14, 2018 and is downtrending. It has underperformed by 20.77% the S&P500.

Allegiance Bancshares, Inc. operates as the bank holding firm for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. The company has market cap of $727.96 million. It accepts deposit products, including checking accounts, commercial accounts, savings accounts, and other time deposits comprising money market accounts and certificates of deposit. It has a 14.38 P/E ratio. The firm also grants various loan products, such as commercial and industrial loans; mortgage warehouse 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.

More notable recent Allegiance Bancshares, Inc. (NASDAQ:ABTX) news were published by: Globenewswire.com which released: “Allegiance Bancshares, Inc. Announces Houston Footprint Expansion – GlobeNewswire” on November 26, 2018, also Finance.Yahoo.com with their article: “Is Now The Time To Look At Buying Allegiance Bancshares, Inc. (NASDAQ:ABTX)? – Yahoo Finance” published on June 07, 2019, Finance.Yahoo.com published: “Is Bryn Mawr Bank Corp. (BMTC) A Good Stock To Buy? – Yahoo Finance” on June 29, 2019. More interesting news about Allegiance Bancshares, Inc. (NASDAQ:ABTX) were released by: Finance.Yahoo.com and their article: “Is Cellectis SA (CLLS) A Good Stock To Buy? – Yahoo Finance” published on May 05, 2019 as well as Nasdaq.com‘s news article titled: “Allegiance Bancshares, Inc. Announces Second Quarter 2019 Earnings Release and Conference Call Date – Nasdaq” with publication date: July 02, 2019.

Allegiance Bancshares, Inc. (NASDAQ:ABTX) Ratings Chart

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