The Allegiance Bancshares Inc (ABTX) Insider Daryl D. Bohls Sells 1,500 Shares

The Allegiance Bancshares Inc (ABTX) Insider Daryl D. Bohls Sells 1,500 Shares

Allegiance Bancshares Inc (ABTX) opened at 38.55 on Monday. The stock has a market capitalization of $504.97 million, a price-to-earnings ratio of 22.53 and a beta of 2.29. The company has a 50-day moving average of $38.45 and a 200 day moving average of $35.64. Allegiance Bancshares Inc has a 12 month low of $22.03 and a 12 month high of $40.00.

Allegiance Bancshares Inc (NASDAQ:ABTX) insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $38.96, for a total transaction of $58,440.00. Following the completion of the sale, the insider now directly owns 7,927 shares in the company, valued at approximately $308,835.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Allegiance Bancshares (NASDAQ:ABTX) last announced its earnings results on Tuesday, April 25th. The bank reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $25.47 million during the quarter, compared to analyst estimates of $25.25 million. Allegiance Bancshares had a net margin of 21.15% and a return on equity of 8.32%. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities research analysts anticipate that Allegiance Bancshares Inc will post $1.96 earnings per share for the current fiscal year.

Allegiance Bancshares (NASDAQ:ABTX) last announced its earnings results on Tuesday, April 25th. The bank reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $25.47 million during the quarter, compared to analyst estimates of $25.25 million. Allegiance Bancshares had a net margin of 21.15% and a return on equity of 8.32%. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities research analysts anticipate that Allegiance Bancshares Inc will post $1.96 earnings per share for the current fiscal year. A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Allegiance Bancshares during the first quarter valued at $182,000. Bank of America Corp DE raised its position in Allegiance Bancshares by 4.7% in the first quarter. Bank of America Corp DE now owns 5,351 shares of the bank’s stock valued at $199,000 after buying an additional 241 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Allegiance Bancshares during the fourth quarter valued at approximately $203,000. Dimensional Fund Advisors LP acquired a new position in Allegiance Bancshares during the fourth quarter valued at approximately $218,000. Finally, Renaissance Technologies LLC acquired a new position in Allegiance Bancshares during the fourth quarter valued at approximately $233,000. 31.31% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 target price on shares of Allegiance Bancshares in a report on Wednesday, April 26th. Zacks Investment Research cut shares of Allegiance Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 14th. Finally, Stephens reaffirmed a “buy” rating on shares of Allegiance Bancshares in a report on Tuesday, April 25th. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ABTX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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