Allegiance Bancshares Inc (ABTX) Director Sells $959,500.00 in Stock
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.
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.
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.
Receive News & Ratings for Allegiance Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiance Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.