Allegiance Bancshares Inc (NASDAQ:ABTX) Director Paul Michael Mann sold 3,639 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $40.77, for a total value of $148,362.03. Following the sale, the director now owns 42,752 shares of the company’s stock, valued at approximately $1,742,999.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Paul Michael Mann also recently made the following trade(s):
- On Wednesday, January 31st, Paul Michael Mann sold 5,000 shares of Allegiance Bancshares stock. The stock was sold at an average price of $40.66, for a total value of $203,300.00.
- On Monday, December 4th, Paul Michael Mann sold 4,100 shares of Allegiance Bancshares stock. The stock was sold at an average price of $40.40, for a total value of $165,640.00.
- On Wednesday, November 29th, Paul Michael Mann sold 4,195 shares of Allegiance Bancshares stock. The stock was sold at an average price of $40.50, for a total value of $169,897.50.
Allegiance Bancshares Inc (ABTX) opened at $39.65 on Friday. The company has a market capitalization of $531.06, a P/E ratio of 30.27 and a beta of 2.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Allegiance Bancshares Inc has a 52-week low of $31.20 and a 52-week high of $41.45.
Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The company had revenue of $33.62 million for the quarter, compared to analyst estimates of $30.36 million. Allegiance Bancshares had a return on equity of 7.19% and a net margin of 14.07%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. analysts predict that Allegiance Bancshares Inc will post 2.64 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ABTX shares. TheStreet upgraded Allegiance Bancshares from a “c-” rating to a “b-” rating in a report on Tuesday, October 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.00 target price on shares of Allegiance Bancshares in a report on Thursday, October 26th. Zacks Investment Research cut Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Finally, BidaskClub cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.33.
Institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC acquired a new position in Allegiance Bancshares during the 2nd quarter worth approximately $239,000. GSA Capital Partners LLP acquired a new position in Allegiance Bancshares during the 2nd quarter worth approximately $244,000. Voya Investment Management LLC lifted its position in Allegiance Bancshares by 15.0% during the 2nd quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock worth $265,000 after acquiring an additional 899 shares in the last quarter. Wells Fargo & Company MN lifted its position in Allegiance Bancshares by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock worth $275,000 after acquiring an additional 129 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Allegiance Bancshares during the 2nd quarter worth approximately $310,000. 41.23% of the stock is currently owned by hedge funds and other institutional investors.
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About Allegiance Bancshares
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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