Allegiance Bancshares Inc (ABTX) Director Sells $128,015.02 in Stock

Allegiance Bancshares Inc (NASDAQ:ABTX) Director William S. Nichols III sold 3,514 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $36.43, for a total value of $128,015.02. Following the completion of the sale, the director now owns 1,181 shares in the company, valued at approximately $43,023.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Allegiance Bancshares Inc (NASDAQ:ABTX) opened at 37.30 on Monday. The company has a 50-day moving average price of $35.35 and a 200-day moving average price of $31.49. Allegiance Bancshares Inc has a 1-year low of $17.78 and a 1-year high of $39.41. The company has a market cap of $487.62 million, a PE ratio of 21.31 and a beta of 2.29.

Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings data on Tuesday, January 24th. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. Allegiance Bancshares had a return on equity of 8.32% and a net margin of 21.15%. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts expect that Allegiance Bancshares Inc will post $1.91 earnings per share for the current fiscal year.

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

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Allegiance Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 14th. Robert W. Baird upgraded Allegiance Bancshares from a “neutral” rating to an “outperform” rating and increased their price target for the company from $29.00 to $39.00 in a research note on Tuesday, December 13th.

Several large investors have recently added to or reduced their stakes in the stock. Banc Funds Co. LLC increased its stake in Allegiance Bancshares by 13.8% in the third quarter. Banc Funds Co. LLC now owns 358,987 shares of the company’s stock valued at $9,693,000 after buying an additional 43,529 shares in the last quarter. State Street Corp increased its stake in Allegiance Bancshares by 3.6% in the fourth quarter. State Street Corp now owns 159,786 shares of the company’s stock valued at $5,776,000 after buying an additional 5,484 shares in the last quarter. Northpointe Capital LLC increased its stake in Allegiance Bancshares by 11.3% in the third quarter. Northpointe Capital LLC now owns 125,640 shares of the company’s stock valued at $3,392,000 after buying an additional 12,736 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in Allegiance Bancshares during the third quarter valued at approximately $1,578,000. Finally, Foundry Partners LLC increased its stake in Allegiance Bancshares by 1.2% in the third quarter. Foundry Partners LLC now owns 50,370 shares of the company’s stock valued at $1,360,000 after buying an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 31.31% of the company’s stock.

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.

5 Day Chart for NASDAQ:ABTX

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