Allegiance Bancshares, Inc. (NASDAQ:ABTX) insider Ramon A. Vitulli III sold 388 shares of Allegiance Bancshares stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $38.60, for a total transaction of $14,976.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Allegiance Bancshares, Inc. (ABTX) opened at $39.80 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm has a market cap of $523.31, a P/E ratio of 26.29 and a beta of 2.33. Allegiance Bancshares, Inc. has a twelve month low of $30.55 and a twelve month high of $40.53.
Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). The business had revenue of $28.46 million during the quarter, compared to analyst estimates of $28.81 million. Allegiance Bancshares had a net margin of 16.88% and a return on equity of 6.91%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. research analysts expect that Allegiance Bancshares, Inc. will post 1.59 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Fayez Sarofim & Co. acquired a new position in Allegiance Bancshares during the 2nd quarter worth approximately $547,000. IndexIQ Advisors LLC grew its holdings in Allegiance Bancshares by 83.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 23,301 shares of the bank’s stock worth $857,000 after acquiring an additional 10,587 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Allegiance Bancshares by 600.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 42,244 shares of the bank’s stock worth $1,571,000 after acquiring an additional 36,214 shares in the last quarter. Vanguard Group Inc. grew its holdings in Allegiance Bancshares by 11.3% during the 2nd quarter. Vanguard Group Inc. now owns 483,169 shares of the bank’s stock worth $18,506,000 after acquiring an additional 48,873 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Allegiance Bancshares by 16.1% during the 2nd quarter. Northern Trust Corp now owns 137,977 shares of the bank’s stock worth $5,285,000 after acquiring an additional 19,157 shares in the last quarter. Hedge funds and other institutional investors own 41.32% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 price target on shares of Allegiance Bancshares in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, TheStreet raised shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $41.67.
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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.
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