Allegiance Bancshares, Inc. (NASDAQ:ABTX) Director Roland L. Williams sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 12th. The shares were sold at an average price of $36.82, for a total value of $73,640.00. Following the completion of the sale, the director now directly owns 104,519 shares of the company’s stock, valued at $3,848,389.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Roland L. Williams also recently made the following trade(s):

  • On Tuesday, January 5th, Roland L. Williams sold 2,000 shares of Allegiance Bancshares stock. The stock was sold at an average price of $33.47, for a total value of $66,940.00.

NASDAQ:ABTX opened at $36.01 on Thursday. Allegiance Bancshares, Inc. has a twelve month low of $20.88 and a twelve month high of $38.95. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $34.17 and a two-hundred day moving average price of $27.90. The company has a market cap of $736.33 million, a P/E ratio of 17.07 and a beta of 1.20.

Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings results on Tuesday, November 3rd. The bank reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.27. Allegiance Bancshares had a return on equity of 6.00% and a net margin of 17.69%. The firm had revenue of $53.76 million during the quarter, compared to the consensus estimate of $53.93 million. As a group, analysts anticipate that Allegiance Bancshares, Inc. will post 2.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, November 27th. Allegiance Bancshares’s dividend payout ratio (DPR) is currently 15.56%.

ABTX has been the subject of a number of research reports. Zacks Investment Research raised Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, September 29th. ValuEngine cut Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, November 5th. TheStreet raised Allegiance Bancshares from a “c+” rating to a “b” rating in a research note on Monday, November 2nd. Piper Sandler lowered their target price on Allegiance Bancshares from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Finally, BidaskClub downgraded Allegiance Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Allegiance Bancshares has an average rating of “Hold” and an average price target of $26.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABTX. Bank of Montreal Can boosted its holdings in shares of Allegiance Bancshares by 148.3% in the 2nd quarter. Bank of Montreal Can now owns 1,996 shares of the bank’s stock valued at $44,000 after buying an additional 1,192 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Allegiance Bancshares in the 3rd quarter valued at approximately $82,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Allegiance Bancshares by 318.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,968 shares of the bank’s stock valued at $116,000 after buying an additional 3,780 shares during the last quarter. FCA Corp TX acquired a new stake in shares of Allegiance Bancshares in the 3rd quarter valued at approximately $125,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Allegiance Bancshares in the 3rd quarter valued at approximately $203,000. 44.34% of the stock is owned by institutional investors.

Allegiance Bancshares Company Profile

Allegiance Bancshares, Inc operates as the bank holding company for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, and savings accounts, as well as other time deposits comprising money market accounts and certificates of deposit.

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

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