Allegiance Bancshares Inc (NASDAQ:ABTX) Director Thomas A. Reiser sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $38.38, for a total value of $959,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Allegiance Bancshares Inc (ABTX) opened at $38.40 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. Allegiance Bancshares Inc has a 12-month low of $31.75 and a 12-month high of $41.45. The stock has a market capitalization of $504.61, a price-to-earnings ratio of 24.15 and a beta of 2.16.

Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). Allegiance Bancshares had a net margin of 14.07% and a return on equity of 7.19%. The company had revenue of $33.62 million during the quarter, compared to analysts’ expectations of $30.36 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Allegiance Bancshares Inc will post 2.64 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. IndexIQ Advisors LLC lifted its position in shares of Allegiance Bancshares by 83.3% in the third quarter. IndexIQ Advisors LLC now owns 23,301 shares of the bank’s stock valued at $857,000 after acquiring an additional 10,587 shares in the last quarter. Northern Trust Corp lifted its position in shares of Allegiance Bancshares by 16.1% in the second quarter. Northern Trust Corp now owns 137,977 shares of the bank’s stock valued at $5,285,000 after acquiring an additional 19,157 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Allegiance Bancshares by 11.3% in the second quarter. Vanguard Group Inc. now owns 483,169 shares of the bank’s stock valued at $18,506,000 after acquiring an additional 48,873 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Allegiance Bancshares by 17.8% in the third quarter. Stephens Investment Management Group LLC now owns 160,981 shares of the bank’s stock valued at $5,924,000 after acquiring an additional 24,368 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in shares of Allegiance Bancshares in the second quarter valued at $705,000. Institutional investors and hedge funds own 41.20% of the company’s stock.

ABTX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.00 target price on shares of Allegiance Bancshares in a research report on Thursday, October 26th. BidaskClub downgraded Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, TheStreet upgraded Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Allegiance Bancshares currently has an average rating of “Hold” and a consensus target price of $43.33.

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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.

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

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