Paul Michael Mann Sells 3,639 Shares of Allegiance Bancshares Inc (ABTX) Stock

Allegiance Bancshares Inc (NASDAQ:ABTX) Director Paul Michael Mann sold 3,639 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $40.77, for a total transaction of $148,362.03. Following the transaction, the director now directly owns 42,752 shares in the company, valued at $1,742,999.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Paul Michael Mann also recently made the following trade(s):

  • On Friday, February 2nd, Paul Michael Mann sold 7,022 shares of Allegiance Bancshares stock. The shares were sold at an average price of $40.13, for a total transaction of $281,792.86.
  • On Wednesday, January 31st, Paul Michael Mann sold 5,000 shares of Allegiance Bancshares stock. The shares were sold at an average price of $40.66, for a total transaction of $203,300.00.
  • On Monday, December 4th, Paul Michael Mann sold 4,100 shares of Allegiance Bancshares stock. The shares were sold at an average price of $40.40, for a total transaction of $165,640.00.
  • On Wednesday, November 29th, Paul Michael Mann sold 4,195 shares of Allegiance Bancshares stock. The shares were sold at an average price of $40.50, for a total transaction of $169,897.50.

Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) traded up $0.70 during trading on Thursday, reaching $39.10. 22,400 shares of the company’s stock traded hands, compared to its average volume of 30,474. The company has a market capitalization of $507.92, a price-to-earnings ratio of 24.30 and a beta of 2.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Allegiance Bancshares Inc has a twelve month low of $31.75 and a twelve month high of $41.45.

Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Allegiance Bancshares had a return on equity of 7.19% and a net margin of 14.07%. The business had revenue of $33.62 million during the quarter, compared to the consensus estimate of $30.36 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. analysts anticipate that Allegiance Bancshares Inc will post 2.64 EPS for the current year.

A number of research analysts recently weighed in on the stock. BidaskClub raised 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 price objective for the company in a report on Friday, January 12th. TheStreet upgraded shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research note 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 research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Allegiance Bancshares presently has a consensus rating of “Hold” and a consensus target price of $43.33.

A number of institutional investors have recently modified their holdings of the business. FMR LLC increased its position in Allegiance Bancshares by 1.8% during the 2nd quarter. FMR LLC now owns 1,129,320 shares of the bank’s stock valued at $43,253,000 after purchasing an additional 20,280 shares during the period. BlackRock Inc. grew its position in shares of Allegiance Bancshares by 1.2% in the 4th quarter. BlackRock Inc. now owns 583,941 shares of the bank’s stock worth $21,986,000 after buying an additional 6,893 shares during the period. Vanguard Group Inc. grew its position in shares of Allegiance Bancshares by 11.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,169 shares of the bank’s stock worth $18,506,000 after buying an additional 48,873 shares during the period. State Street Corp boosted its stake in Allegiance Bancshares by 15.2% in the 2nd quarter. State Street Corp now owns 188,429 shares of the bank’s stock worth $7,218,000 after purchasing an additional 24,826 shares in the last quarter. Finally, Stieven Capital Advisors L.P. bought a new position in Allegiance Bancshares in the 3rd quarter worth about $6,072,000. 41.20% of the stock is currently owned by institutional investors and hedge funds.

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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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