Allegiance Bancshares Inc (NASDAQ:ABTX) Director Louis A. Jr. Waters Sells 3,462 Shares

Allegiance Bancshares Inc (NASDAQ:ABTX) Director Louis A. Jr. Waters sold 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $31.83, for a total transaction of $110,195.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:ABTX traded down $0.29 during trading hours on Friday, reaching $32.74. The company’s stock had a trading volume of 3,655 shares, compared to its average volume of 61,637. The company has a market capitalization of $676.01 million, a P/E ratio of 12.97 and a beta of 1.40. Allegiance Bancshares Inc has a 12 month low of $28.58 and a 12 month high of $45.20. 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 stock has a 50 day moving average price of $32.65 and a two-hundred day moving average price of $34.41.

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

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

Several hedge funds have recently modified their holdings of ABTX. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Allegiance Bancshares during the first quarter worth $27,000. Aperio Group LLC acquired a new position in shares of Allegiance Bancshares during the second quarter worth $55,000. BNP Paribas Arbitrage SA increased its position in shares of Allegiance Bancshares by 527.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,465 shares of the bank’s stock worth $83,000 after purchasing an additional 2,072 shares in the last quarter. Adell Harriman & Carpenter Inc. acquired a new position in shares of Allegiance Bancshares during the first quarter worth $247,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Allegiance Bancshares during the first quarter valued at $254,000. 34.04% of the stock is currently owned by institutional investors and hedge funds.

Allegiance Bancshares Company Profile

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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