HWG Holdings LP trimmed its position in shares of Allegiance Bancshares Inc (NASDAQ:ABTX) by 58.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the bank’s stock after selling 14,023 shares during the period. HWG Holdings LP owned about 0.08% of Allegiance Bancshares worth $376,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ABTX. Parametric Portfolio Associates LLC bought a new position in shares of Allegiance Bancshares during the second quarter valued at about $239,000. GSA Capital Partners LLP bought a new position in shares of Allegiance Bancshares during the second quarter valued at about $244,000. Voya Investment Management LLC raised its stake in shares of Allegiance Bancshares by 15.0% during the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock valued at $265,000 after acquiring an additional 899 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Allegiance Bancshares by 1.8% during the second quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock valued at $275,000 after acquiring an additional 129 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Allegiance Bancshares during the second quarter valued at about $310,000. 41.32% of the stock is owned by hedge funds and other institutional investors.
ABTX has been the subject of several recent analyst reports. TheStreet raised shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.00 price target on shares of Allegiance Bancshares in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.33.
Shares of Allegiance Bancshares Inc (ABTX) traded down $0.85 during midday trading on Wednesday, hitting $38.55. 30,100 shares of the company traded hands, compared to its average volume of 19,510. Allegiance Bancshares Inc has a one year low of $31.20 and a one year high of $40.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $519.35, a PE ratio of 25.53 and a beta of 2.34.
Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.27). Allegiance Bancshares had a net margin of 16.88% and a return on equity of 6.91%. The company had revenue of $28.46 million for the quarter, compared to analysts’ expectations of $28.81 million. During the same quarter in the prior year, the firm earned $0.42 EPS. Allegiance Bancshares’s quarterly revenue was up 14.3% compared to the same quarter last year. equities analysts anticipate that Allegiance Bancshares Inc will post 1.59 EPS for the current year.
In other Allegiance Bancshares news, Director Umesh Jain sold 34,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.01, for a total value of $1,326,340.00. Following the sale, the director now owns 132,275 shares in the company, valued at $5,160,047.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daryl D. Bohls sold 1,500 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $37.64, for a total transaction of $56,460.00. Following the completion of the sale, the insider now owns 7,927 shares in the company, valued at approximately $298,372.28. The disclosure for this sale can be found here. Insiders have sold 69,859 shares of company stock worth $2,730,508 in the last quarter. 13.88% of the stock is owned by corporate insiders.
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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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