Allegiance Bancshares Inc (NASDAQ:ABTX) Director Paul Michael Mann sold 4,100 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.40, for a total value of $165,640.00. Following the sale, the director now directly owns 42,752 shares in the company, valued at $1,727,180.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

Paul Michael Mann also recently made the following trade(s):

  • On Wednesday, November 29th, Paul Michael Mann sold 4,195 shares of Allegiance Bancshares stock. The shares were sold at an average price of $40.50, for a total value of $169,897.50.

Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) traded up $0.20 on Wednesday, reaching $38.15. The company had a trading volume of 57,708 shares, compared to its average volume of 33,833. The company has a market cap of $493.65, a P/E ratio of 24.80 and a beta of 2.33. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04. Allegiance Bancshares Inc has a 52-week low of $31.20 and a 52-week high of $40.53.

Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.27). The company had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.81 million. Allegiance Bancshares had a return on equity of 6.91% and a net margin of 16.88%. Allegiance Bancshares’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. equities analysts predict that Allegiance Bancshares Inc will post 1.59 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of ABTX. Stieven Capital Advisors L.P. bought a new position in Allegiance Bancshares during the 3rd quarter worth $6,072,000. Vanguard Group Inc. grew its stake 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 buying an additional 55,342 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 buying an additional 36,214 shares during the last quarter. State Street Corp grew its stake 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 buying an additional 24,826 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its stake 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 buying an additional 24,368 shares during the last quarter. Hedge funds and other institutional investors own 41.32% of the company’s stock.

ABTX has been the topic of several research reports. BidaskClub lowered Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $42.00 price target on Allegiance Bancshares and gave the company a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, TheStreet raised Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Allegiance Bancshares has an average rating of “Hold” and an average target price 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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