Allegiance Bancshares Inc (NASDAQ:ABTX) Director Thomas A. Reiser sold 25,000 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Allegiance Bancshares Inc (NASDAQ ABTX) opened at $38.40 on Wednesday. The firm has a market capitalization of $504.61, a P/E ratio of 24.15 and a beta of 2.16. Allegiance Bancshares Inc has a 52 week low of $31.75 and a 52 week high of $41.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04.
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 business had revenue of $33.62 million for the quarter, compared to analysts’ expectations of $30.36 million. Allegiance Bancshares had a return on equity of 7.19% and a net margin of 14.07%. Allegiance Bancshares’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 EPS. analysts forecast that Allegiance Bancshares Inc will post 2.64 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC acquired a new position in Allegiance Bancshares during the second quarter worth approximately $239,000. GSA Capital Partners LLP acquired a new position in Allegiance Bancshares during the second quarter worth approximately $244,000. Voya Investment Management LLC increased its position in Allegiance Bancshares by 15.0% during the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock worth $265,000 after buying an additional 899 shares during the period. Wells Fargo & Company MN increased its position in Allegiance Bancshares by 1.8% during the second quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock worth $275,000 after buying an additional 129 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in Allegiance Bancshares during the second quarter worth approximately $310,000. 41.20% of the stock is currently owned by institutional investors.
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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