Bank of New York Mellon Corp lessened its holdings in shares of Allegiance Bancshares (NASDAQ:ABTX) by 3.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,202 shares of the bank’s stock after selling 2,118 shares during the period. Bank of New York Mellon Corp owned 0.39% of Allegiance Bancshares worth $1,966,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Allegiance Bancshares by 64.0% during the 3rd quarter. Wells Fargo & Company MN now owns 11,753 shares of the bank’s stock worth $432,000 after acquiring an additional 4,586 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Allegiance Bancshares by 13.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,013 shares of the bank’s stock worth $942,000 after acquiring an additional 2,913 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Allegiance Bancshares by 40.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 92,580 shares of the bank’s stock worth $3,407,000 after acquiring an additional 26,432 shares in the last quarter. Callahan Advisors LLC raised its position in shares of Allegiance Bancshares by 88.2% during the 4th quarter. Callahan Advisors LLC now owns 95,265 shares of the bank’s stock worth $3,587,000 after acquiring an additional 44,647 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Allegiance Bancshares by 25.3% during the 3rd quarter. GSA Capital Partners LLP now owns 7,998 shares of the bank’s stock worth $294,000 after acquiring an additional 1,616 shares in the last quarter. 42.61% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on ABTX shares. Zacks Investment Research raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub lowered Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $43.33.
In other Allegiance Bancshares news, insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $40.69, for a total transaction of $61,035.00. Following the transaction, the insider now owns 7,927 shares of the company’s stock, valued at $322,549.63. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas A. Reiser sold 25,000 shares of Allegiance Bancshares stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $38.38, for a total value of $959,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,177 shares of company stock worth $2,253,893. 12.74% of the stock is currently owned by corporate insiders.
ABTX opened at $40.70 on Wednesday. The company has a market cap of $538.03, a price-to-earnings ratio of 25.98 and a beta of 1.91. Allegiance Bancshares has a 52 week low of $31.75 and a 52 week high of $42.60.
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 firm had revenue of $33.62 million for the quarter, compared to analyst estimates of $30.36 million. Allegiance Bancshares had a return on equity of 7.13% and a net margin of 14.07%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. equities analysts expect that Allegiance Bancshares will post 2.56 EPS for the current year.
Allegiance Bancshares Company Profile
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, savings accounts, and other time deposits comprising money market accounts and certificates of deposit.
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.