Allegiance Bancshares, Inc. (ABTX) Insider Ramon A. Vitulli III Sells 388 Shares of Stock
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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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.
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