Allegiance Bancshares Inc (ABTX) Director Paul Michael Mann Sells 10,635 Shares
Allegiance Bancshares Inc (NASDAQ:ABTX) Director Paul Michael Mann sold 10,635 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $45.16, for a total value of $480,276.60. Following the completion of the transaction, the director now directly owns 40,049 shares of the company’s stock, valued at $1,808,612.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Paul Michael Mann also recently made the following trade(s):
- On Friday, August 3rd, Paul Michael Mann sold 200 shares of Allegiance Bancshares stock. The shares were sold at an average price of $45.08, for a total value of $9,016.00.
- On Wednesday, August 1st, Paul Michael Mann sold 200 shares of Allegiance Bancshares stock. The shares were sold at an average price of $45.00, for a total value of $9,000.00.
ABTX traded up $0.05 on Friday, reaching $44.95. The company’s stock had a trading volume of 327 shares, compared to its average volume of 31,353. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $596.20 million, a price-to-earnings ratio of 28.51 and a beta of 1.89. Allegiance Bancshares Inc has a fifty-two week low of $31.75 and a fifty-two week high of $46.85.
ABTX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Monday, April 30th. BidaskClub downgraded Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Friday, April 20th.
A number of institutional investors and hedge funds have recently made changes to their positions in ABTX. Bank of Montreal Can acquired a new stake in shares of Allegiance Bancshares in the second quarter valued at approximately $194,000. UBS Group AG boosted its holdings in shares of Allegiance Bancshares by 208.5% in the first quarter. UBS Group AG now owns 5,272 shares of the bank’s stock valued at $206,000 after acquiring an additional 3,563 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Allegiance Bancshares in the fourth quarter valued at approximately $219,000. Two Sigma Investments LP acquired a new stake in shares of Allegiance Bancshares in the fourth quarter valued at approximately $319,000. Finally, Rhumbline Advisers boosted its holdings in shares of Allegiance Bancshares by 15.1% in the second quarter. Rhumbline Advisers now owns 11,541 shares of the bank’s stock valued at $500,000 after acquiring an additional 1,516 shares during the period. 45.07% of the stock is owned by hedge funds and other institutional investors.
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, savings accounts, and other time deposits comprising money market accounts and certificates of deposit.
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