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 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.
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.
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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