Allegiance Bancshares Inc. (NASDAQ:ABTX) Director Thomas A. Reiser purchased 8,000 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of $31.47 per share, for a total transaction of $251,760.00. Following the purchase, the director now directly owns 166,316 shares in the company, valued at $5,233,964.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Allegiance Bancshares Inc. (NASDAQ:ABTX) opened at 31.25 on Thursday. Allegiance Bancshares Inc. has a 1-year low of $14.38 and a 1-year high of $33.75. The stock has a market cap of $403.25 million and a PE ratio of 18.96. The company’s 50 day moving average is $27.44 and its 200-day moving average is $25.53.

Allegiance Bancshares (NASDAQ:ABTX) last posted its earnings results on Tuesday, October 25th. The company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. Allegiance Bancshares had a net margin of 20.36% and a return on equity of 7.87%. Equities research analysts forecast that Allegiance Bancshares Inc. will post $1.65 earnings per share for the current fiscal year.

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

A number of large investors have recently bought and sold shares of ABTX. American International Group Inc. boosted its stake in Allegiance Bancshares by 341.2% in the second quarter. American International Group Inc. now owns 6,323 shares of the company’s stock worth $157,000 after buying an additional 4,890 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Allegiance Bancshares by 405.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 89,991 shares of the company’s stock worth $2,239,000 after buying an additional 72,186 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Allegiance Bancshares by 254.9% in the second quarter. BlackRock Fund Advisors now owns 282,452 shares of the company’s stock worth $7,027,000 after buying an additional 202,875 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in Allegiance Bancshares by 363.1% in the second quarter. BlackRock Investment Management LLC now owns 45,537 shares of the company’s stock worth $1,133,000 after buying an additional 35,703 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Allegiance Bancshares by 215.7% in the second quarter. Vanguard Group Inc. now owns 205,451 shares of the company’s stock worth $5,112,000 after buying an additional 140,380 shares during the last quarter. 29.55% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on ABTX shares. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Thursday, July 28th. Robert W. Baird cut shares of Allegiance Bancshares from an “outperform” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research note on Wednesday, September 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Allegiance Bancshares from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th.

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.

5 Day Chart for NASDAQ:ABTX

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