How banks help us to online trading?

 How banks help us to online trading?

Since the inception of banking, this industry has opened numerous doors for businesses as well as individuals. The main function of companies in this industry is to accept deposits and grant loans. Deposits help individuals keep their excess cash safe and also earn a certain rate of interest on the deposit amount. Banks grant credit to businesses and individuals from the deposits they accept and charge interest on the amount of credit. Apart from the basic services, banks have also started providing auxiliary services to businesses in the form of bill discounting and granting letters of credit. Banks also provide financial instruments like fixed deposits for investment purposes. 

The banking industry has a huge impact on the overall health and growth of the economy. For a strong economy, a strong banking system is a must. Investing in this sector is beneficial for your portfolio. These stocks are capable of providing steady returns as well as growing your wealth. When investing in bank stocks, it is important to evaluate their bad loans and reserves maintained for the same. If the bank does not have enough reserves to mitigate losses due to bad loans, it could wipe out a big chunk of investors’ wealth.

If you are looking to invest in bank stocks, you might want to have a look at the stocks of Allegiance Bancshares Inc. This company operates as a bank holding company for Allegiance Bank, which provides commercial banking services mainly to small and medium-sized businesses, professionals, and individual customers. It accepts deposits in checking accounts, savings accounts, and commercial accounts. It also provides money market accounts and certificates of deposit. They also offer a wide range of loans, including commercial and industrial loans. The company was founded in 2007and has headquarters in Houston, Texas. 

The stocks of Allegiance Bancshares Inc. are traded on Nasdaq under the ticker ‘ABTX’. The company has a market up of $483.89 million. NASDAQ: ABTX at https://www.webull.com/quote/nasdaq-abtx has a consensus rating of ‘hold’. Most analysts have given it a hold rating. Before Covid-19, the stock was trading for $26.31. But ever since covid-19 has taken over the economy, the stock has been trading for nearly $23.72, resulting in a 9.8& downfall. In the latest announcement, the company revealed that the EPS for the first quarter of 2020 is $0.17, which is less than what was estimated by analysts, by $0.18. The NASDAQ: ABTX company earned $47.75 million in the first quarter of 2020.        

Some of the key competitors of Allegiance Bancshares Inc. are Independent Bank Group, Hilltop, South State, Ameris Bancorp, TowneBank, Banner, etc.   You can check more stock information from stock trading simulator. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Paul Watson

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Captcha Here : *

Reload Image