Allegiance Bancshares Inc (NASDAQ:ABTX) Director E. Raimundo Riojas purchased 8,234 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $204,779.58. Following the completion of the transaction, the director now owns 3,800 shares in the company, valued at $94,506. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NASDAQ:ABTX opened at $24.76 on Friday. The business’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $25.52. Allegiance Bancshares Inc has a fifty-two week low of $20.88 and a fifty-two week high of $38.95. The stock has a market capitalization of $511.81 million, a price-to-earnings ratio of 13.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.00 and a quick ratio of 1.00.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.24. Allegiance Bancshares had a return on equity of 5.52% and a net margin of 16.08%. The company had revenue of $52.41 million for the quarter, compared to analyst estimates of $50.27 million. Research analysts expect that Allegiance Bancshares Inc will post 1.64 EPS for the current fiscal year.
ABTX has been the topic of a number of research reports. Zacks Investment Research cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, July 24th. ValuEngine cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, BidaskClub cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, August 21st. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $27.00.
Several institutional investors and hedge funds have recently modified their holdings of ABTX. Texas Permanent School Fund lifted its stake in shares of Allegiance Bancshares by 24.0% during the first quarter. Texas Permanent School Fund now owns 16,240 shares of the bank’s stock valued at $392,000 after acquiring an additional 3,144 shares during the period. UBS Group AG lifted its stake in shares of Allegiance Bancshares by 36.9% during the first quarter. UBS Group AG now owns 12,414 shares of the bank’s stock valued at $299,000 after acquiring an additional 3,349 shares during the period. Comerica Bank increased its holdings in Allegiance Bancshares by 2.8% in the first quarter. Comerica Bank now owns 18,559 shares of the bank’s stock valued at $421,000 after purchasing an additional 507 shares during the last quarter. Aperio Group LLC acquired a new position in Allegiance Bancshares in the first quarter valued at about $223,000. Finally, Rhumbline Advisers boosted its holdings in Allegiance Bancshares by 4.9% during the first quarter. Rhumbline Advisers now owns 64,673 shares of the bank’s stock worth $1,559,000 after buying an additional 3,029 shares during the last quarter. 44.95% of the stock is currently owned by institutional investors and hedge funds.
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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