Allegiance Bancshares, Inc. (NASDAQ:ABTX) Director Umesh Jain sold 34,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.01, for a total value of $1,326,340.00. Following the completion of the sale, the director now directly owns 132,275 shares of the company’s stock, valued at $5,160,047.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Umesh Jain also recently made the following trade(s):

  • On Tuesday, October 31st, Umesh Jain sold 22,500 shares of Allegiance Bancshares stock. The shares were sold at an average price of $39.00, for a total value of $877,500.00.
  • On Thursday, August 24th, Umesh Jain sold 5,088 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.33, for a total value of $179,759.04.
  • On Tuesday, August 22nd, Umesh Jain sold 3,900 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.51, for a total value of $138,489.00.
  • On Monday, August 21st, Umesh Jain sold 2,000 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.48, for a total value of $70,960.00.
  • On Wednesday, August 23rd, Umesh Jain sold 8,312 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.55, for a total value of $295,491.60.
  • On Monday, August 14th, Umesh Jain sold 10,100 shares of Allegiance Bancshares stock. The shares were sold at an average price of $36.03, for a total value of $363,903.00.

Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.27). The firm had revenue of $28.46 million during the quarter, compared to the consensus estimate of $28.81 million. Allegiance Bancshares had a net margin of 16.88% and a return on equity of 6.99%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share.

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A number of analysts recently issued reports on the company. TheStreet raised Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. BidaskClub cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 target price on shares of Allegiance Bancshares in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.67.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in Allegiance Bancshares by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,621 shares of the bank’s stock valued at $368,000 after buying an additional 319 shares during the last quarter. State Street Corp increased its holdings in Allegiance Bancshares by 15.2% in the second quarter. State Street Corp now owns 188,429 shares of the bank’s stock valued at $7,218,000 after buying an additional 24,826 shares during the last quarter. Voya Investment Management LLC increased its holdings in Allegiance Bancshares by 15.0% in the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock valued at $265,000 after buying an additional 899 shares during the last quarter. Banc Funds Co. LLC increased its holdings in Allegiance Bancshares by 2.2% in the second quarter. Banc Funds Co. LLC now owns 455,253 shares of the bank’s stock valued at $17,436,000 after buying an additional 10,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Allegiance Bancshares by 56.6% in the second quarter. Dimensional Fund Advisors LP now owns 66,148 shares of the bank’s stock valued at $2,533,000 after buying an additional 23,904 shares during the last quarter. 39.47% of the stock is owned by hedge funds and other institutional investors.

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.

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

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