Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in Allegiance Bancshares Inc (NASDAQ:ABTX) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,167 shares of the bank’s stock after selling 2,167 shares during the quarter. Allegiance Bancshares comprises 4.1% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 6th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC owned about 1.33% of Allegiance Bancshares worth $6,595,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ABTX. Parametric Portfolio Associates LLC purchased a new position in Allegiance Bancshares in the second quarter valued at about $239,000. GSA Capital Partners LLP purchased a new position in Allegiance Bancshares in the second quarter valued at about $244,000. Voya Investment Management LLC boosted its holdings in Allegiance Bancshares by 15.0% in the second quarter. Voya Investment Management LLC now owns 6,910 shares of the bank’s stock valued at $265,000 after purchasing an additional 899 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Allegiance Bancshares by 1.8% in the second quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock valued at $275,000 after purchasing an additional 129 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new position in Allegiance Bancshares in the second quarter valued at about $310,000. Institutional investors and hedge funds own 41.32% of the company’s stock.

A number of research analysts recently commented on the company. BidaskClub raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research raised Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, January 12th. TheStreet raised Allegiance Bancshares from a “c-” rating to a “b-” rating in a report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.00 target price on shares of Allegiance Bancshares in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.33.

In related news, Director Paul Michael Mann sold 4,195 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $40.50, for a total value of $169,897.50. Following the sale, the director now owns 42,752 shares of the company’s stock, valued at approximately $1,731,456. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Umesh Jain sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $39.00, for a total value of $877,500.00. Following the completion of the sale, the director now directly owns 4,374 shares in the company, valued at approximately $170,586. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,859 shares of company stock worth $1,404,168. 13.88% of the stock is currently owned by company insiders.

Allegiance Bancshares Inc (NASDAQ ABTX) remained flat at $$39.80 during trading hours on Friday. The company had a trading volume of 7,371 shares, compared to its average volume of 18,656. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04. Allegiance Bancshares Inc has a 1 year low of $31.20 and a 1 year high of $40.53. The company has a market cap of $516.73, a P/E ratio of 26.16 and a beta of 2.34.

Allegiance Bancshares (NASDAQ:ABTX) last released its earnings results on Thursday, January 25th. The bank reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Allegiance Bancshares had a return on equity of 6.91% and a net margin of 16.88%. The firm had revenue of $33.62 million for the quarter, compared to the consensus estimate of $30.36 million. During the same period in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. equities research analysts expect that Allegiance Bancshares Inc will post 1.59 EPS for the current year.

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Allegiance Bancshares Company Profile

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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Institutional Ownership by Quarter for Allegiance Bancshares (NASDAQ:ABTX)

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