Allegiance Bancshares, Inc. (NASDAQ:ABTX) insider Ramon A. Vitulli III sold 388 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $38.60, for a total transaction of $14,976.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Allegiance Bancshares, Inc. (NASDAQ:ABTX) traded up $0.30 during midday trading on Friday, hitting $39.10. 30,597 shares of the company’s stock traded hands, compared to its average volume of 38,331. The stock has a market cap of $515.40, a price-to-earnings ratio of 25.89 and a beta of 2.42. Allegiance Bancshares, Inc. has a 52 week low of $30.20 and a 52 week high of $40.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.27). The firm had revenue of $28.46 million for the quarter, compared to analyst estimates of $28.81 million. Allegiance Bancshares had a return on equity of 6.91% and a net margin of 16.88%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. equities research analysts forecast that Allegiance Bancshares, Inc. will post 1.59 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Allegiance Bancshares by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock worth $275,000 after buying an additional 129 shares during the last quarter. Context BH Capital Management LP raised its stake in Allegiance Bancshares by 1.0% in the 2nd quarter. Context BH Capital Management LP now owns 14,204 shares of the bank’s stock valued at $544,000 after purchasing an additional 140 shares during the last quarter. Bank of America Corp DE raised its stake in Allegiance Bancshares by 4.7% in the 1st quarter. Bank of America Corp DE now owns 5,351 shares of the bank’s stock valued at $199,000 after purchasing an additional 241 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Allegiance Bancshares by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,621 shares of the bank’s stock valued at $368,000 after purchasing an additional 319 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in Allegiance Bancshares by 4.8% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 7,552 shares of the bank’s stock valued at $289,000 after purchasing an additional 349 shares during the last quarter. 40.21% of the stock is owned by institutional investors and hedge funds.

ABTX has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods set a $42.00 target price on shares of Allegiance Bancshares and gave the stock a “hold” rating in a research report on Monday, August 28th. TheStreet upgraded shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Finally, BidaskClub lowered shares of Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.67.

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.

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

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