Endeavour Capital Advisors Inc. trimmed its stake in shares of Allegiance Bancshares Inc (NASDAQ:ABTX) by 43.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,192 shares of the bank’s stock after selling 136,184 shares during the quarter. Allegiance Bancshares accounts for 2.7% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 11th largest holding. Endeavour Capital Advisors Inc. owned approximately 1.34% of Allegiance Bancshares worth $6,671,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC acquired a new stake in Allegiance Bancshares during the second quarter valued at approximately $239,000. Voya Investment Management LLC boosted its holdings in Allegiance Bancshares by 15.0% during the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock valued at $265,000 after purchasing an additional 899 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Allegiance Bancshares by 1.8% during the second quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock valued at $275,000 after purchasing an additional 129 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Allegiance Bancshares by 25.3% during the third quarter. GSA Capital Partners LLP now owns 7,998 shares of the bank’s stock valued at $294,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Allegiance Bancshares during the fourth quarter valued at approximately $319,000. 42.79% of the stock is currently owned by institutional investors.
Allegiance Bancshares Inc (NASDAQ ABTX) opened at $40.10 on Monday. Allegiance Bancshares Inc has a one year low of $31.75 and a one year 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. The stock has a market cap of $532.72, a P/E ratio of 25.38 and a beta of 2.08.
In other news, Director Paul Michael Mann sold 3,639 shares of Allegiance Bancshares stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $40.77, for a total value of $148,362.03. Following the completion of the transaction, the director now owns 42,752 shares in the company, valued at $1,742,999.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Villarreal Luis Rene Garza bought 2,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average price of $38.53 per share, with a total value of $77,060.00. The disclosure for this purchase can be found here. Insiders sold 45,927 shares of company stock valued at $1,798,883 in the last quarter. 13.88% of the stock is currently owned by corporate insiders.
A number of research analysts have recently issued reports on ABTX shares. BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Allegiance Bancshares currently has an average rating of “Hold” and a consensus price target 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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