Allegiance Bancshares Inc (NASDAQ:ABTX) Director Roland L. Williams sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $37.60, for a total value of $37,600.00. Following the sale, the director now owns 151,586 shares of the company’s stock, valued at $5,699,633.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ ABTX opened at $37.69 on Friday. Allegiance Bancshares Inc has a 1 year low of $30.40 and a 1 year high of $38.95. The company has a fifty day simple moving average of $37.59 and a 200 day simple moving average of $35.12. The company has a current ratio of 1.01, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The company has a market cap of $776.61 million, a P/E ratio of 15.20 and a beta of 1.42.
Allegiance Bancshares (NASDAQ:ABTX) last released its earnings results on Wednesday, January 29th. The bank reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. Allegiance Bancshares had a net margin of 21.50% and a return on equity of 7.66%. The firm had revenue of $47.93 million during the quarter, compared to analyst estimates of $46.60 million. Equities research analysts forecast that Allegiance Bancshares Inc will post 2.39 EPS for the current fiscal year.
A number of research firms have recently weighed in on ABTX. BidaskClub downgraded Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Zacks Investment Research upgraded Allegiance Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, January 6th. ValuEngine lowered Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Raymond James downgraded Allegiance Bancshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.42.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Allegiance Bancshares by 39.8% in the 4th quarter. Bank of Montreal Can now owns 2,390 shares of the bank’s stock valued at $90,000 after buying an additional 680 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Allegiance Bancshares during the third quarter worth $122,000. Victory Capital Management Inc. lifted its holdings in shares of Allegiance Bancshares by 33.5% during the fourth quarter. Victory Capital Management Inc. now owns 4,874 shares of the bank’s stock valued at $183,000 after acquiring an additional 1,223 shares during the period. FCA Corp TX bought a new stake in shares of Allegiance Bancshares in the 4th quarter worth about $201,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Allegiance Bancshares during the 4th quarter worth about $244,000. Hedge funds and other institutional investors own 38.87% of the company’s stock.
About Allegiance Bancshares
Allegiance Bancshares, Inc operates as the bank holding company for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, and savings accounts, as well as other time deposits comprising money market accounts and certificates of deposit.
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