Allegiance Bancshares Inc. (ABTX) Director David B. Moulton Sells 5,000 Shares
Allegiance Bancshares Inc. (NASDAQ:ABTX) Director David B. Moulton sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $31.09, for a total value of $155,450.00. Following the completion of the transaction, the director now directly owns 25,733 shares in the company, valued at $800,038.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Allegiance Bancshares Inc. (NASDAQ:ABTX) traded down 0.49% during midday trading on Friday, hitting $30.70. The stock had a trading volume of 9,869 shares. The company has a market cap of $396.18 million and a P/E ratio of 18.63. Allegiance Bancshares Inc. has a 12 month low of $14.38 and a 12 month high of $33.75. The firm’s 50-day moving average price is $27.56 and its 200 day moving average price is $25.56.
Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Allegiance Bancshares had a return on equity of 7.87% and a net margin of 20.36%. On average, analysts expect that Allegiance Bancshares Inc. will post $1.65 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Allegiance Bancshares by 0.9% in the third quarter. California State Teachers Retirement System now owns 23,232 shares of the company’s stock valued at $627,000 after buying an additional 200 shares during the period. Foundry Partners LLC boosted 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 during the period. BlackRock Advisors LLC boosted its stake in Allegiance Bancshares by 42.3% in the third quarter. BlackRock Advisors LLC now owns 4,535 shares of the company’s stock valued at $122,000 after buying an additional 1,349 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Allegiance Bancshares by 3.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 93,331 shares of the company’s stock valued at $2,520,000 after buying an additional 3,340 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Allegiance Bancshares during the third quarter valued at $111,000. Institutional investors and hedge funds own 29.55% of the company’s stock.
Several brokerages have issued reports on ABTX. Zacks Investment Research raised 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. Keefe, Bruyette & Woods boosted their price objective on Allegiance Bancshares from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Finally, Robert W. Baird downgraded Allegiance Bancshares from an “outperform” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Wednesday, September 21st.
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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