Allegiance Bancshares Inc (ABTX) Director Thomas A. Reiser Sells 25,000 Shares

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.

Several equities research analysts recently weighed in on the company. BidaskClub upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, January 12th. TheStreet upgraded Allegiance Bancshares from a “c-” rating to a “b-” rating in a research note on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 target price on shares of Allegiance Bancshares in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $43.33.

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.

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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.

Insider Buying and Selling by Quarter for Allegiance Bancshares (NASDAQ:ABTX)

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