Endeavour Capital Advisors Inc. lessened its stake in Allegiance Bancshares Inc (NASDAQ:ABTX) by 43.5% in the 4th quarter, Holdings Channel reports. The firm owned 177,192 shares of the bank’s stock after selling 136,184 shares during the period. Allegiance Bancshares comprises 2.7% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Endeavour Capital Advisors Inc.’s holdings in Allegiance Bancshares were worth $6,671,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Allegiance Bancshares by 1.2% in the 4th quarter. BlackRock Inc. now owns 583,941 shares of the bank’s stock worth $21,986,000 after purchasing an additional 6,893 shares during the last quarter. Vanguard Group Inc. raised its position in Allegiance Bancshares by 11.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,169 shares of the bank’s stock worth $18,506,000 after purchasing an additional 48,873 shares during the last quarter. State Street Corp raised its position in Allegiance Bancshares by 15.2% in the 2nd quarter. State Street Corp now owns 188,429 shares of the bank’s stock worth $7,218,000 after purchasing an additional 24,826 shares during the last quarter. Stieven Capital Advisors L.P. bought a new position in Allegiance Bancshares in the 3rd quarter worth approximately $6,072,000. Finally, Stephens Investment Management Group LLC raised its position in Allegiance Bancshares by 17.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 160,981 shares of the bank’s stock worth $5,924,000 after purchasing an additional 24,368 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.
In other news, insider Daryl D. Bohls sold 1,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $38.10, for a total value of $57,150.00. Following the completion of the transaction, the insider now owns 7,723 shares of the company’s stock, valued at approximately $294,246.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Michael Mann sold 3,639 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $40.77, for a total transaction of $148,362.03. Following the completion of the transaction, the director now directly owns 42,752 shares of the company’s stock, valued at approximately $1,742,999.04. The disclosure for this sale can be found here. Insiders have sold a total of 45,927 shares of company stock valued at $1,798,883 in the last quarter. Corporate insiders own 13.88% of the company’s stock.
Shares of Allegiance Bancshares Inc (NASDAQ ABTX) opened at $40.10 on Monday. The company has a market cap of $532.72, a price-to-earnings ratio of 25.38 and a beta of 2.08. Allegiance Bancshares Inc has a 1 year low of $31.75 and a 1 year high of $41.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69.
Allegiance Bancshares (NASDAQ:ABTX) last issued its earnings results on Thursday, January 25th. The bank reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The business had revenue of $33.62 million for the quarter, compared to the consensus estimate of $30.36 million. Allegiance Bancshares had a net margin of 14.07% and a return on equity of 7.19%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. equities research analysts forecast that Allegiance Bancshares Inc will post 2.56 earnings per share for the current fiscal year.
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Allegiance Bancshares 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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