Allegiance Bancshares Inc (NASDAQ:ABTX) Director Louis A. Jr. Waters Sells 1,800 Shares

Allegiance Bancshares Inc (NASDAQ:ABTX) Director Louis A. Jr. Waters sold 1,800 shares of Allegiance Bancshares stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $32.15, for a total transaction of $57,870.00. Following the completion of the transaction, the director now owns 20,231 shares in the company, valued at approximately $650,426.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NASDAQ:ABTX traded up $0.05 during trading hours on Thursday, reaching $32.23. The company’s stock had a trading volume of 724 shares, compared to its average volume of 75,507. The firm has a market capitalization of $686.38 million, a price-to-earnings ratio of 12.79 and a beta of 1.40. The firm has a 50-day simple moving average of $33.12 and a 200-day simple moving average of $34.82. Allegiance Bancshares Inc has a 1 year low of $28.58 and a 1 year high of $45.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04.

Allegiance Bancshares (NASDAQ:ABTX) last issued its earnings results on Friday, July 26th. The bank reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $49.42 million for the quarter, compared to analysts’ expectations of $48.20 million. Allegiance Bancshares had a net margin of 22.35% and a return on equity of 8.32%. Equities analysts anticipate that Allegiance Bancshares Inc will post 2.63 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Allegiance Bancshares in the first quarter valued at about $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Allegiance Bancshares by 101.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,640 shares of the bank’s stock valued at $55,000 after acquiring an additional 826 shares during the period. Aperio Group LLC purchased a new position in shares of Allegiance Bancshares in the second quarter valued at about $55,000. Legal & General Group Plc increased its position in shares of Allegiance Bancshares by 34.0% in the fourth quarter. Legal & General Group Plc now owns 2,249 shares of the bank’s stock valued at $73,000 after acquiring an additional 571 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Allegiance Bancshares by 527.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,465 shares of the bank’s stock valued at $83,000 after acquiring an additional 2,072 shares during the period. Hedge funds and other institutional investors own 34.04% of the company’s stock.

ABTX has been the topic of a number of analyst reports. ValuEngine upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, July 1st. Raymond James set a $38.00 target price on shares of Allegiance Bancshares and gave the stock a “buy” rating in a research report on Monday, July 8th. BidaskClub upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Stephens reiterated a “hold” rating and issued a $36.00 target price on shares of Allegiance Bancshares in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Allegiance Bancshares currently has a consensus rating of “Hold” and an average price target of $37.82.

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, and savings accounts, as well as other time deposits comprising money market accounts and certificates of deposit.

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

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