Allegiance Bancshares, Inc. (ABTX) Insider Daryl D. Bohls Sells 1,500 Shares
Allegiance Bancshares, Inc. (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $38.00, for a total transaction of $57,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Allegiance Bancshares, Inc. (NASDAQ ABTX) traded up 1.32% during trading on Tuesday, reaching $38.35. 17,087 shares of the company traded hands. The company’s 50-day moving average price is $35.30 and its 200 day moving average price is $37.42. The firm has a market capitalization of $504.72 million, a price-to-earnings ratio of 22.43 and a beta of 2.41. Allegiance Bancshares, Inc. has a 52 week low of $25.16 and a 52 week high of $40.45.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $26.58 million during the quarter, compared to analysts’ expectations of $27.24 million. Allegiance Bancshares had a return on equity of 7.90% and a net margin of 19.75%. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities research analysts expect that Allegiance Bancshares, Inc. will post $1.88 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABTX. Wellington Management Group LLP bought a new stake in Allegiance Bancshares in the 1st quarter worth about $3,441,000. Vanguard Group Inc. increased its holdings in Allegiance Bancshares by 14.6% in the 1st quarter. Vanguard Group Inc. now owns 434,296 shares of the bank’s stock worth $16,156,000 after buying an additional 55,342 shares in the last quarter. Royce & Associates LP bought a new stake in Allegiance Bancshares in the 1st quarter worth about $1,395,000. Dimensional Fund Advisors LP increased its holdings in Allegiance Bancshares by 600.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 42,244 shares of the bank’s stock worth $1,571,000 after buying an additional 36,214 shares in the last quarter. Finally, State Street Corp increased its holdings in Allegiance Bancshares by 15.2% in the 2nd quarter. State Street Corp now owns 188,429 shares of the bank’s stock worth $7,218,000 after buying an additional 24,826 shares in the last quarter. Institutional investors own 39.73% of the company’s stock.
Several research firms have recently issued reports on ABTX. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods set a $42.00 price target on shares of Allegiance Bancshares and gave the company a “hold” rating in a research report on Monday, August 28th. BidaskClub lowered shares of Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Stephens restated a “buy” rating and set a $42.00 price target on shares of Allegiance Bancshares in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.00.
Allegiance Bancshares Company Profile
Allegiance Bancshares, Inc is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. 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.
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