Allegiance Bancshares, Inc. (NASDAQ:ABTX) Director Umesh Jain sold 34,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.01, for a total transaction of $1,326,340.00. Following the completion of the sale, the director now directly owns 132,275 shares of the company’s stock, valued at $5,160,047.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Umesh Jain also recently made the following trade(s):

  • On Thursday, August 24th, Umesh Jain sold 5,088 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.33, for a total transaction of $179,759.04.
  • On Tuesday, August 22nd, Umesh Jain sold 3,900 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.51, for a total transaction of $138,489.00.
  • On Monday, August 21st, Umesh Jain sold 2,000 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.48, for a total transaction of $70,960.00.
  • On Wednesday, August 23rd, Umesh Jain sold 8,312 shares of Allegiance Bancshares stock. The shares were sold at an average price of $35.55, for a total transaction of $295,491.60.
  • On Monday, August 14th, Umesh Jain sold 10,100 shares of Allegiance Bancshares stock. The shares were sold at an average price of $36.03, for a total transaction of $363,903.00.

Allegiance Bancshares, Inc. (NASDAQ ABTX) opened at 38.85 on Tuesday. The stock’s 50 day moving average is $37.17 and its 200-day moving average is $37.60. The company has a market capitalization of $511.30 million, a P/E ratio of 22.72 and a beta of 2.41. Allegiance Bancshares, Inc. has a 12-month low of $25.16 and a 12-month high of $40.45.

Allegiance Bancshares (NASDAQ:ABTX) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.27). Allegiance Bancshares had a return on equity of 6.99% and a net margin of 16.88%. The firm had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.81 million. During the same period in the prior year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Allegiance Bancshares, Inc. will post $1.68 earnings per share for the current fiscal year.

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A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 price target on shares of Allegiance Bancshares in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a report on Friday. BidaskClub downgraded shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, TheStreet raised shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.67.

A number of institutional investors and hedge funds have recently bought and sold shares of ABTX. Bank of America Corp DE lifted its position in Allegiance Bancshares by 4.7% during the first quarter. Bank of America Corp DE now owns 5,351 shares of the bank’s stock worth $199,000 after purchasing an additional 241 shares during the period. California Public Employees Retirement System bought a new position in shares of Allegiance Bancshares in the first quarter worth about $234,000. Parametric Portfolio Associates LLC bought a new position in shares of Allegiance Bancshares in the second quarter worth about $239,000. GSA Capital Partners LLP bought a new position in shares of Allegiance Bancshares in the second quarter worth about $244,000. Finally, American International Group Inc. lifted its holdings in shares of Allegiance Bancshares by 7.1% in the first quarter. American International Group Inc. now owns 6,763 shares of the bank’s stock worth $252,000 after acquiring an additional 448 shares during the last quarter. 39.47% of the stock is owned by institutional investors and hedge funds.

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.

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

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