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.
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.
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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