Insider Selling: Allegiance Bancshares Inc (NASDAQ:ABTX) Director Sells 4,000 Shares of Stock

Allegiance Bancshares Inc (NASDAQ:ABTX) Director Roland L. Williams sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $34.36, for a total value of $137,440.00. Following the completion of the transaction, the director now owns 158,468 shares in the company, valued at $5,444,960.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Allegiance Bancshares stock traded down $0.96 during trading hours on Friday, reaching $33.50. 496,400 shares of the company were exchanged, compared to its average volume of 82,954. Allegiance Bancshares Inc has a 1 year low of $28.58 and a 1 year high of $45.20. The stock’s fifty day moving average is $32.75 and its 200 day moving average is $34.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $733.12 million, a PE ratio of 13.29 and a beta of 1.40.

Allegiance Bancshares (NASDAQ:ABTX) last posted its earnings results on Friday, July 26th. The bank reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $49.42 million for the quarter, compared to analyst estimates of $48.20 million. Allegiance Bancshares had a return on equity of 8.32% and a net margin of 22.35%. Research analysts expect that Allegiance Bancshares Inc will post 2.61 earnings per share for the current year.

A number of research analysts recently commented on ABTX shares. ValuEngine upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. BidaskClub upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Monday, July 1st. Finally, Raymond James set a $38.00 target price on Allegiance Bancshares and gave the company a “buy” rating in a research report on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Allegiance Bancshares currently has a consensus rating of “Hold” and a consensus price target of $37.82.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Allegiance Bancshares by 58.3% in the second quarter. BlackRock Inc. now owns 1,077,495 shares of the bank’s stock valued at $35,924,000 after buying an additional 396,835 shares during the last quarter. Banc Funds Co. LLC increased its holdings in Allegiance Bancshares by 25.6% in the second quarter. Banc Funds Co. LLC now owns 408,758 shares of the bank’s stock valued at $13,628,000 after buying an additional 83,226 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Allegiance Bancshares by 47.3% in the first quarter. PNC Financial Services Group Inc. now owns 308,830 shares of the bank’s stock valued at $10,413,000 after buying an additional 99,125 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Allegiance Bancshares by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,112 shares of the bank’s stock valued at $8,678,000 after buying an additional 1,106 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Allegiance Bancshares by 6.8% in the first quarter. Royce & Associates LP now owns 243,139 shares of the bank’s stock valued at $8,199,000 after buying an additional 15,500 shares during the last quarter. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

About Allegiance Bancshares

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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Insider Buying and Selling by Quarter for Allegiance Bancshares (NASDAQ:ABTX)

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