Allegiance Bancshares Inc (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $37.64, for a total transaction of $56,460.00. Following the sale, the insider now directly owns 7,927 shares of the company’s stock, valued at $298,372.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) traded up $0.50 during trading on Tuesday, reaching $37.95. 56,691 shares of the company were exchanged, compared to its average volume of 33,734. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Allegiance Bancshares Inc has a 12-month low of $31.20 and a 12-month high of $40.53. The stock has a market cap of $494.31, a PE ratio of 24.83 and a beta of 2.33.

Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). Allegiance Bancshares had a return on equity of 6.91% and a net margin of 16.88%. The business had revenue of $28.46 million for the quarter, compared to analysts’ expectations of $28.81 million. During the same period last year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. analysts predict that Allegiance Bancshares Inc will post 1.59 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in ABTX. Stieven Capital Advisors L.P. purchased a new stake in Allegiance Bancshares during the 3rd quarter worth $6,072,000. Vanguard Group Inc. boosted its position in Allegiance Bancshares by 14.6% during the 1st quarter. Vanguard Group Inc. now owns 434,296 shares of the bank’s stock worth $16,156,000 after purchasing an additional 55,342 shares during the period. Dimensional Fund Advisors LP boosted its position in Allegiance Bancshares by 600.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 42,244 shares of the bank’s stock worth $1,571,000 after purchasing an additional 36,214 shares during the period. State Street Corp boosted its position in Allegiance Bancshares by 15.2% during the 2nd quarter. State Street Corp now owns 188,429 shares of the bank’s stock worth $7,218,000 after purchasing an additional 24,826 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in Allegiance Bancshares by 17.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 160,981 shares of the bank’s stock worth $5,924,000 after purchasing an additional 24,368 shares during the period. 41.32% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.00 price target on shares of Allegiance Bancshares in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.67.

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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.

Insider Buying and Selling by Quarter for Allegiance Bancshares (NASDAQ:ABTX)

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