Allegiance Bancshares Inc (NASDAQ:ABTX) Director Thomas A. Reiser sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $38.38, for a total transaction of $959,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Allegiance Bancshares Inc (NASDAQ:ABTX) opened at $39.10 on Thursday. 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 firm has a market cap of $507.92, a PE ratio of 24.30 and a beta of 2.16. Allegiance Bancshares Inc has a fifty-two week low of $31.75 and a fifty-two week high of $41.45.
Allegiance Bancshares (NASDAQ:ABTX) last posted its earnings results on Thursday, January 25th. The bank reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm 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 business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. equities research analysts predict that Allegiance Bancshares Inc will post 2.64 earnings per share for the current fiscal year.
A number of research firms recently weighed in on ABTX. BidaskClub upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, January 12th. TheStreet upgraded shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 target price on shares of Allegiance Bancshares in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.33.
A number of large investors have recently bought and sold shares of ABTX. Schwab Charles Investment Management Inc. boosted its holdings in Allegiance Bancshares by 29.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,100 shares of the bank’s stock valued at $847,000 after purchasing an additional 5,000 shares during the last quarter. Swiss National Bank acquired a new position in Allegiance Bancshares in the 2nd quarter valued at about $705,000. Wells Fargo & Company MN boosted its holdings in Allegiance Bancshares by 1.8% in the 2nd 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 during the last quarter. Alliancebernstein L.P. acquired a new position in Allegiance Bancshares in the 2nd quarter valued at about $310,000. Finally, Teachers Advisors LLC boosted its holdings in Allegiance Bancshares by 13.0% in the 2nd quarter. Teachers Advisors LLC now owns 20,526 shares of the bank’s stock valued at $786,000 after purchasing an additional 2,355 shares during the last quarter. Institutional investors own 41.20% of the company’s stock.
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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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