Allegiance Bancshares Inc (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $40.04, for a total value of $60,060.00. Following the sale, the insider now owns 7,927 shares in the company, valued at approximately $317,397.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Allegiance Bancshares stock traded up $0.35 during midday trading on Tuesday, reaching $39.40. The stock had a trading volume of 44,007 shares, compared to its average volume of 31,670. Allegiance Bancshares Inc has a twelve month low of $31.75 and a twelve month high of $42.60. The stock has a market capitalization of $520.09, a P/E ratio of 24.94 and a beta of 1.91.
Allegiance Bancshares (NASDAQ:ABTX) last issued its earnings results on Thursday, January 25th. The bank reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Allegiance Bancshares had a net margin of 14.07% and a return on equity of 7.13%. The firm had revenue of $33.62 million during the quarter, compared to analyst estimates of $30.36 million. During the same quarter in the previous year, the business posted $0.44 EPS. Allegiance Bancshares’s revenue was up 3.9% compared to the same quarter last year. analysts predict that Allegiance Bancshares Inc will post 2.56 EPS for the current fiscal year.
A number of equities research analysts have commented on ABTX shares. BidaskClub cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.33.
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.
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