Allegiance Bancshares Inc. (NASDAQ:ABTX) Director Thomas A. Reiser bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was bought at an average price of $30.83 per share, for a total transaction of $308,300.00. Following the acquisition, the director now directly owns 174,316 shares of the company’s stock, valued at approximately $5,374,162.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Allegiance Bancshares Inc. (NASDAQ:ABTX) opened at 30.90 on Thursday. The company has a market capitalization of $398.76 million and a P/E ratio of 18.75. The firm has a 50-day moving average of $28.01 and a 200 day moving average of $25.85. Allegiance Bancshares Inc. has a 52-week low of $14.38 and a 52-week high of $33.75.

Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Allegiance Bancshares had a net margin of 20.36% and a return on equity of 7.87%. Equities analysts predict 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)

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Keefe, Bruyette & Woods increased 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 report on Thursday, July 28th. Finally, Robert W. Baird downgraded 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 report on Wednesday, September 21st.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Banc Funds Co. LLC raised its position 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 during the period. Panagora Asset Management Inc. raised its position in Allegiance Bancshares by 728.0% in the third quarter. Panagora Asset Management Inc. now owns 17,289 shares of the company’s stock valued at $467,000 after buying an additional 15,201 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Allegiance Bancshares during the third quarter valued at approximately $233,000. Context BH Capital Management LP purchased a new position in Allegiance Bancshares during the third quarter valued at approximately $214,000. Finally, Spark Investment Management LLC raised its position in Allegiance Bancshares by 72.8% in the third quarter. Spark Investment Management LLC now owns 21,600 shares of the company’s stock valued at $583,000 after buying an additional 9,100 shares during the period. Hedge funds and other institutional investors own 30.38% of the company’s stock.

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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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