Allegiance Bancshares Inc (NASDAQ:ABTX) insider Villarreal Luis Rene Garza purchased 2,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of $38.53 per share, for a total transaction of $77,060.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) opened at $39.35 on Thursday. The company has a market cap of $510.56, a PE ratio of 24.43 and a beta of 2.16. Allegiance Bancshares Inc has a 12 month low of $31.75 and a 12 month high of $41.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.
Allegiance Bancshares (NASDAQ:ABTX) last released its earnings results on Thursday, January 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The firm had revenue of $33.62 million during the quarter, compared to analysts’ expectations of $30.36 million. Allegiance Bancshares had a net margin of 14.07% and a return on equity of 7.19%. Allegiance Bancshares’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. equities analysts anticipate that Allegiance Bancshares Inc will post 2.56 earnings per share for the current year.
A number of equities analysts have recently weighed in on ABTX shares. Zacks Investment Research cut shares of Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.00 price target on shares of Allegiance Bancshares in a research note on Thursday, October 26th. Finally, BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Allegiance Bancshares currently has an average rating of “Hold” and an average target price of $43.33.
Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new position in Allegiance Bancshares in the 4th quarter valued at about $219,000. Parametric Portfolio Associates LLC purchased a new position in shares of Allegiance Bancshares during the 2nd quarter worth about $239,000. Voya Investment Management LLC lifted its holdings in shares of 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 during the period. Wells Fargo & Company MN lifted its holdings in shares of 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 during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Allegiance Bancshares by 25.3% during the 3rd quarter. GSA Capital Partners LLP now owns 7,998 shares of the bank’s stock worth $294,000 after acquiring an additional 1,616 shares during the period. Institutional investors own 42.99% of the company’s stock.
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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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