Insider Selling: Allegiance Bancshares Inc (ABTX) Director Sells 25,000 Shares of Stock

Allegiance Bancshares Inc (NASDAQ:ABTX) Director Thomas A. Reiser sold 25,000 shares of Allegiance Bancshares stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $38.38, for a total value of $959,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Allegiance Bancshares Inc (NASDAQ ABTX) traded up $0.25 during trading on Tuesday, reaching $38.40. The company had a trading volume of 51,321 shares, compared to its average volume of 31,744. Allegiance Bancshares Inc has a twelve month low of $31.75 and a twelve month high of $41.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $517.18, a PE ratio of 29.12 and a beta of 2.16.

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

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Allegiance Bancshares by 1.8% during the second quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock worth $275,000 after buying an additional 129 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Allegiance Bancshares by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,621 shares of the bank’s stock worth $368,000 after buying an additional 319 shares in the last quarter. Voya Investment Management LLC grew its position in Allegiance Bancshares by 15.0% during the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock worth $265,000 after buying an additional 899 shares in the last quarter. New York State Common Retirement Fund grew its position in Allegiance Bancshares by 14.3% during the second quarter. New York State Common Retirement Fund now owns 12,800 shares of the bank’s stock worth $490,000 after buying an additional 1,599 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in Allegiance Bancshares by 25.3% during the third quarter. GSA Capital Partners LLP now owns 7,998 shares of the bank’s stock worth $294,000 after buying an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 41.20% of the company’s stock.

ABTX has been the subject of several recent research reports. TheStreet upgraded Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Zacks Investment Research upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 price target on shares of Allegiance Bancshares in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.33.

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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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