The Oxbow Advisors LLC Invests $936,000 in Allegiance Bancshares Inc. (ABTX)

The Oxbow Advisors LLC Invests $936,000 in Allegiance Bancshares Inc. (ABTX)

Oxbow Advisors LLC acquired a new stake in shares of Allegiance Bancshares Inc. (NASDAQ:ABTX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,666 shares of the company’s stock, valued at approximately $936,000. Oxbow Advisors LLC owned approximately 0.27% of Allegiance Bancshares as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in shares of Allegiance Bancshares by 254.9% in the second quarter. BlackRock Fund Advisors now owns 282,452 shares of the company’s stock worth $7,027,000 after buying an additional 202,875 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Allegiance Bancshares by 215.7% in the second quarter. Vanguard Group Inc. now owns 205,451 shares of the company’s stock worth $5,112,000 after buying an additional 140,380 shares during the last quarter. State Street Corp boosted its stake in shares of Allegiance Bancshares by 394.3% in the second quarter. State Street Corp now owns 140,874 shares of the company’s stock worth $3,505,000 after buying an additional 112,374 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Allegiance Bancshares by 405.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 89,991 shares of the company’s stock worth $2,239,000 after buying an additional 72,186 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Allegiance Bancshares by 4.7% in the second quarter. FMR LLC now owns 1,118,533 shares of the company’s stock worth $27,829,000 after buying an additional 49,787 shares during the last quarter. 30.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Allegiance Bancshares Inc. (NASDAQ:ABTX) traded down 1.34% on Thursday, reaching $33.20. 14,651 shares of the company were exchanged. The firm has a market capitalization of $428.45 million, a PE ratio of 20.15 and a beta of 2.47. Allegiance Bancshares Inc. has a 12-month low of $14.38 and a 12-month high of $37.00. The company’s 50 day moving average is $34.17 and its 200 day moving average is $28.59.

Allegiance Bancshares (NASDAQ:ABTX) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Allegiance Bancshares had a net margin of 20.36% and a return on equity of 7.87%. Analysts forecast that Allegiance Bancshares Inc. will post $1.65 earnings per share for the current year.

A number of equities research analysts have recently issued reports on ABTX shares. Robert W. Baird cut shares of Allegiance Bancshares from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Wednesday, September 21st. Zacks Investment Research cut shares of Allegiance Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th.

In other news, Director David B. Moulton sold 5,000 shares of Allegiance Bancshares stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $31.09, for a total transaction of $155,450.00. Following the completion of the transaction, the director now directly owns 25,733 shares in the company, valued at $800,038.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Reiser acquired 10,000 shares of Allegiance Bancshares stock in a transaction dated Tuesday, November 22nd. The shares were acquired at an average price of $30.83 per share, with a total value of $308,300.00. Following the completion of the acquisition, the director now directly owns 174,316 shares of the company’s stock, valued at $5,374,162.28. The disclosure for this purchase can be found here. 16.04% of the stock is owned by company insiders.

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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