Allegiance Bancshares, Inc. (NASDAQ:ABTX) Director Roland L. Williams Sells 2,000 Shares


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Allegiance Bancshares, Inc. (NASDAQ:ABTX) Director Roland L. Williams sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $36.82, for a total transaction of $73,640.00. Following the sale, the director now owns 104,519 shares of the company’s stock, valued at $3,848,389.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $66,940.00.

Shares of ABTX stock opened at $36.01 on Thursday. Allegiance Bancshares, Inc. has a 1 year low of $20.88 and a 1 year high of $38.95. The firm’s fifty day simple moving average is $34.17 and its 200 day simple moving average is $27.90. The firm has a market capitalization of $736.33 million, a P/E ratio of 17.07 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.21.

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of ABTX. California Public Employees Retirement System boosted its stake in Allegiance Bancshares by 16.5% during the second quarter. California Public Employees Retirement System now owns 41,898 shares of the bank’s stock worth $1,064,000 after buying an additional 5,924 shares in the last quarter. American International Group Inc. boosted its stake in Allegiance Bancshares by 3.4% during the second quarter. American International Group Inc. now owns 13,368 shares of the bank’s stock worth $339,000 after buying an additional 445 shares in the last quarter. Bank of Montreal Can boosted its stake in Allegiance Bancshares by 148.3% during the second quarter. Bank of Montreal Can now owns 1,996 shares of the bank’s stock worth $44,000 after buying an additional 1,192 shares in the last quarter. Vanguard Group Inc. boosted its stake in Allegiance Bancshares by 3.3% during the second quarter. Vanguard Group Inc. now owns 1,220,576 shares of the bank’s stock worth $30,991,000 after buying an additional 39,487 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Allegiance Bancshares by 14.7% during the second quarter. Bank of America Corp DE now owns 19,210 shares of the bank’s stock worth $488,000 after buying an additional 2,459 shares in the last quarter. Hedge funds and other institutional investors own 44.34% of the company’s stock.

ABTX has been the subject of a number of analyst reports. Janney Montgomery Scott initiated coverage on shares of Allegiance Bancshares in a research note on Friday, October 2nd. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of 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. Piper Sandler reduced their target price on shares of Allegiance Bancshares from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. BidaskClub cut shares of Allegiance Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 18th. Finally, ValuEngine lowered shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.33.

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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