Allegiance Bancshares Inc (NASDAQ:ABTX) Director Paul Michael Mann sold 10,635 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $45.16, for a total value of $480,276.60. Following the transaction, the director now directly owns 40,049 shares in the company, valued at approximately $1,808,612.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paul Michael Mann also recently made the following trade(s):

  • On Friday, August 3rd, Paul Michael Mann sold 200 shares of Allegiance Bancshares stock. The stock was sold at an average price of $45.08, for a total value of $9,016.00.
  • On Wednesday, August 1st, Paul Michael Mann sold 200 shares of Allegiance Bancshares stock. The stock was sold at an average price of $45.00, for a total value of $9,000.00.

ABTX stock opened at $45.05 on Friday. The company has a market cap of $596.20 million, a P/E ratio of 28.51 and a beta of 1.89. Allegiance Bancshares Inc has a 1-year low of $31.75 and a 1-year high of $46.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.86.

Allegiance Bancshares (NASDAQ:ABTX) last released its quarterly earnings results on Thursday, July 26th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The business had revenue of $29.62 million during the quarter, compared to the consensus estimate of $30.06 million. Allegiance Bancshares had a return on equity of 8.66% and a net margin of 15.77%. equities analysts forecast that Allegiance Bancshares Inc will post 2.57 EPS for the current year.

A number of research firms recently weighed in on ABTX. BidaskClub raised Allegiance Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. Zacks Investment Research lowered Allegiance Bancshares from a “hold” rating to a “sell” rating in a report on Monday, April 30th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Allegiance Bancshares by 9.5% in the 2nd quarter. BlackRock Inc. now owns 633,896 shares of the bank’s stock valued at $27,479,000 after purchasing an additional 54,985 shares during the period. Dimensional Fund Advisors LP boosted its stake in Allegiance Bancshares by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 231,709 shares of the bank’s stock valued at $10,045,000 after purchasing an additional 59,588 shares during the period. Stephens Investment Management Group LLC boosted its stake in Allegiance Bancshares by 20.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 178,090 shares of the bank’s stock valued at $7,765,000 after purchasing an additional 30,712 shares during the period. Northern Trust Corp boosted its stake in Allegiance Bancshares by 2.2% in the 1st quarter. Northern Trust Corp now owns 137,116 shares of the bank’s stock valued at $5,368,000 after purchasing an additional 2,925 shares during the period. Finally, Royce & Associates LP boosted its stake in Allegiance Bancshares by 15.9% in the 2nd quarter. Royce & Associates LP now owns 109,300 shares of the bank’s stock valued at $4,738,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 45.07% of the company’s stock.

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, savings accounts, and 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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