Daryl D. Bohls Sells 1,500 Shares of Allegiance Bancshares Inc (ABTX) Stock

Allegiance Bancshares Inc (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $38.53, for a total transaction of $57,795.00. Following the sale, the insider now directly owns 7,927 shares of the company’s stock, valued at approximately $305,427.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Allegiance Bancshares Inc (NASDAQ:ABTX) traded down $0.80 on Thursday, reaching $38.20. 48,166 shares of the company were exchanged, compared to its average volume of 31,302. The firm has a market capitalization of $522.47, a price-to-earnings ratio of 29.96 and a beta of 2.16. Allegiance Bancshares Inc has a 52-week low of $31.75 and a 52-week high of $41.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $33.62 million for the quarter, compared to analyst estimates of $30.36 million. Allegiance Bancshares had a return on equity of 7.19% and a net margin of 14.07%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. equities analysts anticipate that Allegiance Bancshares Inc will post 2.64 EPS for the current year.

ABTX has been the subject of a number of research reports. 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 upgraded shares of Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, January 12th. BidaskClub upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price target on shares of Allegiance Bancshares in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Allegiance Bancshares currently has an average rating of “Hold” and a consensus target price of $43.33.

A number of institutional investors and hedge funds have recently bought and sold shares of ABTX. Stieven Capital Advisors L.P. acquired a new position in Allegiance Bancshares during the third quarter worth about $6,072,000. Vanguard Group Inc. boosted its position in Allegiance Bancshares by 11.3% during the second quarter. Vanguard Group Inc. now owns 483,169 shares of the bank’s stock worth $18,506,000 after acquiring an additional 48,873 shares during the last quarter. Callahan Advisors LLC boosted its holdings in Allegiance Bancshares by 88.2% in the 4th quarter. Callahan Advisors LLC now owns 95,265 shares of the bank’s stock valued at $3,587,000 after purchasing an additional 44,647 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allegiance Bancshares by 40.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 92,580 shares of the bank’s stock valued at $3,407,000 after purchasing an additional 26,432 shares during the last quarter. Finally, State Street Corp boosted 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 valued at $7,218,000 after purchasing an additional 24,826 shares during the last quarter. Hedge funds and other institutional investors own 41.10% of the company’s stock.

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About Allegiance Bancshares

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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