Allegiance Bancshares, Inc. (ABTX) Insider Daryl D. Bohls Sells 1,500 Shares

Allegiance Bancshares, Inc. (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $32.24, for a total transaction of $48,360.00. Following the completion of the sale, the insider now owns 7,927 shares of the company’s stock, valued at approximately $255,566.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Allegiance Bancshares, Inc. (ABTX) opened at 33.55 on Tuesday. The stock has a market cap of $441.55 million, a P/E ratio of 19.62 and a beta of 2.38. The company has a 50-day moving average of $36.02 and a 200 day moving average of $37.51. Allegiance Bancshares, Inc. has a 1-year low of $25.16 and a 1-year high of $40.45.

Allegiance Bancshares (NASDAQ:ABTX) last posted its earnings results on Tuesday, July 25th. The bank reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.06. Allegiance Bancshares had a net margin of 19.75% and a return on equity of 7.90%. The company had revenue of $26.58 million during the quarter, compared to analyst estimates of $27.24 million. During the same period in the previous year, the company earned $0.36 EPS. Analysts predict that Allegiance Bancshares, Inc. will post $1.89 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Allegiance Bancshares by 14.6% in the first quarter. Vanguard Group Inc. now owns 434,296 shares of the bank’s stock valued at $16,156,000 after buying an additional 55,342 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Allegiance Bancshares by 600.6% in the first quarter. Dimensional Fund Advisors LP now owns 42,244 shares of the bank’s stock valued at $1,571,000 after buying an additional 36,214 shares during the last quarter. Mendon Capital Advisors Corp acquired a new position in Allegiance Bancshares in the first quarter valued at about $897,000. Wellington Management Group LLP acquired a new position in Allegiance Bancshares in the first quarter valued at about $3,441,000. Finally, Menta Capital LLC acquired a new position in Allegiance Bancshares in the first quarter valued at about $266,000. 39.73% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods set a $42.00 target price on shares of Allegiance Bancshares and gave the stock a “hold” rating in a report on Monday, August 28th. Finally, Stephens reaffirmed a “buy” rating and issued a $42.00 price target on shares of Allegiance Bancshares in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.25.

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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