MetLife Investment Advisors LLC reduced its holdings in shares of Allegiance Bancshares Inc (NASDAQ:ABTX) by 36.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,825 shares of the bank’s stock after selling 3,371 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Allegiance Bancshares were worth $189,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Quantamental Technologies LLC purchased a new stake in shares of Allegiance Bancshares during the 4th quarter valued at approximately $29,000. Dimensional Fund Advisors LP lifted its stake in shares of Allegiance Bancshares by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,112 shares of the bank’s stock valued at $8,678,000 after buying an additional 1,106 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its stake in shares of Allegiance Bancshares by 12.0% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 19,468 shares of the bank’s stock valued at $630,000 after buying an additional 2,090 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Allegiance Bancshares by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 59,830 shares of the bank’s stock valued at $1,937,000 after buying an additional 2,935 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its stake in shares of Allegiance Bancshares by 1.8% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 174,167 shares of the bank’s stock valued at $5,637,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 30.16% of the company’s stock.

NASDAQ ABTX opened at $36.54 on Monday. Allegiance Bancshares Inc has a 1 year low of $28.58 and a 1 year high of $46.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $791.89 million, a price-to-earnings ratio of 14.50 and a beta of 1.57.

Allegiance Bancshares (NASDAQ:ABTX) last posted its earnings results on Friday, January 25th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). Allegiance Bancshares had a return on equity of 9.55% and a net margin of 22.48%. The firm had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $46.96 million. As a group, research analysts forecast that Allegiance Bancshares Inc will post 2.85 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Allegiance Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Raymond James set a $43.00 target price on shares of Allegiance Bancshares and gave the stock a “buy” rating in a research note on Thursday, February 28th. Brean Capital began coverage on shares of Allegiance Bancshares in a research note on Friday, March 1st. They issued a “hold” rating and a $38.26 target price on the stock. Finally, BidaskClub upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.32.

In other Allegiance Bancshares news, CEO George Martinez sold 15,000 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $36.50, for a total value of $547,500.00. Following the sale, the chief executive officer now directly owns 1,000 shares in the company, valued at approximately $36,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Louis A. Jr. Waters sold 6,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.76, for a total transaction of $220,560.00. Following the completion of the sale, the director now owns 40,229 shares in the company, valued at $1,478,818.04. The disclosure for this sale can be found here. Insiders sold a total of 42,753 shares of company stock worth $1,595,051 over the last quarter. Corporate insiders own 10.17% of the company’s stock.

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

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