Swiss National Bank lifted its stake in Allegiance Bancshares Inc (NASDAQ:ABTX) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,400 shares of the bank’s stock after acquiring an additional 1,100 shares during the quarter. Swiss National Bank’s holdings in Allegiance Bancshares were worth $747,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Allegiance Bancshares in the first quarter valued at about $27,000. Dimensional Fund Advisors LP increased its position in shares of Allegiance Bancshares by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,112 shares of the bank’s stock valued at $8,678,000 after acquiring an additional 1,106 shares during the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of Allegiance Bancshares by 7.3% in the second quarter. Campbell Newman Asset Management Inc. now owns 21,429 shares of the bank’s stock valued at $714,000 after acquiring an additional 1,454 shares during the last quarter. John W. Rosenthal Capital Management Inc. increased its position in shares of Allegiance Bancshares by 3.0% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 51,500 shares of the bank’s stock valued at $1,737,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of Allegiance Bancshares in the second quarter valued at about $55,000. 33.18% of the stock is currently owned by institutional investors and hedge funds.

In other Allegiance Bancshares news, Director David B. Moulton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $33.88, for a total transaction of $67,760.00. Following the transaction, the director now owns 30,941 shares of the company’s stock, valued at $1,048,281.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Umesh Jain sold 1,770 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $33.21, for a total value of $58,781.70. Following the transaction, the director now directly owns 81,531 shares in the company, valued at approximately $2,707,644.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,240 shares of company stock worth $3,276,925. Company insiders own 10.17% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, July 1st. ValuEngine raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Raymond James set a $38.00 target price on Allegiance Bancshares and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, BidaskClub raised Allegiance Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $37.82.

NASDAQ ABTX traded up $0.11 during trading on Friday, reaching $36.15. 1,304 shares of the company’s stock were exchanged, compared to its average volume of 71,076. The business has a 50 day moving average price of $32.66 and a 200-day moving average price of $34.26. The stock has a market capitalization of $736.10 million, a P/E ratio of 14.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 1.04. Allegiance Bancshares Inc has a fifty-two week low of $28.58 and a fifty-two week high of $45.20.

Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings results on Friday, July 26th. The bank reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $49.42 million for the quarter, compared to the consensus estimate of $48.20 million. Allegiance Bancshares had a return on equity of 8.32% and a net margin of 22.35%. On average, analysts forecast that Allegiance Bancshares Inc will post 2.61 earnings per share for the current year.

Allegiance Bancshares 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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