Allegiance Bancshares Inc (NASDAQ:ABTX) Director Roland L. Williams sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $37.75, for a total transaction of $37,750.00. Following the completion of the transaction, the director now owns 103,468 shares of the company’s stock, valued at approximately $3,905,917. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ABTX traded down $0.05 during trading hours on Friday, hitting $38.44. 87,652 shares of the company’s stock were exchanged, compared to its average volume of 106,574. Allegiance Bancshares Inc has a 1-year low of $30.40 and a 1-year high of $38.95. The stock’s 50-day moving average is $37.52 and its two-hundred day moving average is $34.99. The stock has a market cap of $789.33 million, a price-to-earnings ratio of 15.50 and a beta of 1.42. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt-to-equity ratio of 0.11.
Allegiance Bancshares (NASDAQ:ABTX) last announced its earnings results on Wednesday, January 29th. The bank reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.06. Allegiance Bancshares had a net margin of 21.50% and a return on equity of 7.66%. The business had revenue of $47.93 million during the quarter, compared to analysts’ expectations of $46.60 million. On average, equities research analysts anticipate that Allegiance Bancshares Inc will post 2.39 EPS for the current year.
The firm also recently announced a — dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, February 27th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in Allegiance Bancshares by 39.8% during the fourth quarter. Bank of Montreal Can now owns 2,390 shares of the bank’s stock worth $90,000 after acquiring an additional 680 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Allegiance Bancshares during the third quarter worth $122,000. Victory Capital Management Inc. raised its position in Allegiance Bancshares by 33.5% during the fourth quarter. Victory Capital Management Inc. now owns 4,874 shares of the bank’s stock worth $183,000 after acquiring an additional 1,223 shares in the last quarter. FCA Corp TX bought a new stake in Allegiance Bancshares during the fourth quarter worth $201,000. Finally, Metropolitan Life Insurance Co NY raised its position in Allegiance Bancshares by 53.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 6,580 shares of the bank’s stock worth $211,000 after acquiring an additional 2,305 shares in the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.
ABTX has been the subject of several recent research reports. ValuEngine cut shares of Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, January 6th. BidaskClub cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Raymond James cut shares of Allegiance Bancshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.42.
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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