STA Wealth Management LLC bought a new stake in Allegiance Bancshares Inc (NASDAQ:ABTX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,750 shares of the bank’s stock, valued at approximately $1,007,000. Allegiance Bancshares makes up approximately 0.3% of STA Wealth Management LLC’s holdings, making the stock its 29th largest holding. STA Wealth Management LLC owned approximately 0.20% of Allegiance Bancshares at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Parametric Portfolio Associates LLC purchased a new position in Allegiance Bancshares in the second quarter valued at about $239,000. Voya Investment Management LLC increased its holdings in Allegiance Bancshares by 15.0% in the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock valued at $265,000 after buying an additional 899 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Allegiance Bancshares by 1.8% in the second quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock valued at $275,000 after buying an additional 129 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Allegiance Bancshares by 25.3% in 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 during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Allegiance Bancshares in the fourth quarter valued at approximately $319,000. 42.79% of the stock is owned by institutional investors.
In other news, insider Villarreal Luis Rene Garza bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average price of $38.53 per share, for a total transaction of $77,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daryl D. Bohls sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $38.10, for a total transaction of $57,150.00. Following the sale, the insider now owns 7,723 shares in the company, valued at approximately $294,246.30. The disclosure for this sale can be found here. Insiders sold 57,177 shares of company stock worth $2,250,008 over the last quarter. Company insiders own 13.88% of the company’s stock.
Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) opened at $40.55 on Wednesday. The company has a market cap of $540.69, a P/E ratio of 25.76 and a beta of 2.08. Allegiance Bancshares Inc has a 1 year low of $31.75 and a 1 year high of $41.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04.
Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The business had revenue of $33.62 million during the quarter, compared to analyst estimates of $30.36 million. Allegiance Bancshares had a net margin of 14.07% and a return on equity of 7.19%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. sell-side analysts predict that Allegiance Bancshares Inc will post 2.56 EPS for the current fiscal year.
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.
Want to see what other hedge funds are holding ABTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegiance Bancshares Inc (NASDAQ:ABTX).
Receive News & Ratings for Allegiance Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiance Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.