Allegiance Bancshares, Inc. (ABTX) Insider Ramon A. Vitulli III Sells 388 Shares
Allegiance Bancshares, Inc. (NASDAQ:ABTX) insider Ramon A. Vitulli III sold 388 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $38.60, for a total value of $14,976.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Allegiance Bancshares, Inc. (NASDAQ ABTX) traded up $0.80 on Thursday, hitting $38.80. The stock had a trading volume of 39,457 shares, compared to its average volume of 34,233. The firm has a market capitalization of $499.58, a price-to-earnings ratio of 25.10 and a beta of 2.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. Allegiance Bancshares, Inc. has a 52 week low of $30.20 and a 52 week high of $40.45.
Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). The business had revenue of $28.46 million for the quarter, compared to analyst estimates of $28.81 million. Allegiance Bancshares had a net margin of 16.88% and a return on equity of 6.91%. Allegiance Bancshares’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. research analysts expect that Allegiance Bancshares, Inc. will post 1.71 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Allegiance Bancshares from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.00 target price on shares of Allegiance Bancshares in a research report on Thursday, October 26th. TheStreet raised Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Finally, BidaskClub lowered Allegiance Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.67.
Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its holdings in shares of Allegiance Bancshares by 1.8% during the second quarter. FMR LLC now owns 1,129,320 shares of the bank’s stock valued at $43,253,000 after purchasing an additional 20,280 shares during the period. Vanguard Group Inc. increased its holdings in shares of Allegiance Bancshares by 11.3% during the second quarter. Vanguard Group Inc. now owns 483,169 shares of the bank’s stock valued at $18,506,000 after purchasing an additional 48,873 shares during the period. Banc Funds Co. LLC increased its holdings in shares of Allegiance Bancshares by 2.2% during the second quarter. Banc Funds Co. LLC now owns 455,253 shares of the bank’s stock valued at $17,436,000 after purchasing an additional 10,000 shares during the period. State Street Corp increased its holdings in shares of Allegiance Bancshares by 15.2% during the second quarter. State Street Corp now owns 188,429 shares of the bank’s stock valued at $7,218,000 after purchasing an additional 24,826 shares during the period. Finally, Stieven Capital Advisors L.P. acquired a new position in shares of Allegiance Bancshares during the third quarter valued at $6,072,000. 38.71% of the stock is currently owned by institutional investors.
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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