Allegiance Bancshares Inc (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction on Friday, March 9th. The stock was sold at an average price of $40.04, for a total transaction of $60,060.00. Following the sale, the insider now owns 7,927 shares of the company’s stock, valued at $317,397.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Allegiance Bancshares Inc (NASDAQ ABTX) traded up $0.55 during trading hours on Friday, hitting $40.10. 37,915 shares of the stock traded hands, compared to its average volume of 32,841. Allegiance Bancshares Inc has a 1-year low of $31.75 and a 1-year high of $41.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $535.93 and a P/E ratio of 26.73.
Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). Allegiance Bancshares had a return on equity of 7.19% and a net margin of 14.07%. The company had revenue of $33.62 million for the quarter, compared to analyst estimates of $30.36 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. research analysts forecast that Allegiance Bancshares Inc will post 2.56 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in Allegiance Bancshares during the fourth quarter valued at $219,000. STA Wealth Management LLC acquired a new position in Allegiance Bancshares during the fourth quarter valued at $1,007,000. Two Sigma Investments LP acquired a new position in Allegiance Bancshares during the fourth quarter valued at $319,000. Deutsche Bank AG lifted its position in Allegiance Bancshares by 11.6% during the fourth quarter. Deutsche Bank AG now owns 58,375 shares of the bank’s stock valued at $2,195,000 after purchasing an additional 6,061 shares during the period. Finally, BlackRock Inc. lifted its position in Allegiance Bancshares by 1.2% during the fourth quarter. BlackRock Inc. now owns 583,941 shares of the bank’s stock valued at $21,986,000 after purchasing an additional 6,893 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.
Allegiance Bancshares Company Profile
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.
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