Todays Report: Today, Allegiance Bancshares Inc. (ABTX) Director Buys $308,300.00 in Stock

Today, Allegiance Bancshares Inc. (ABTX) Director Buys $308,300.00 in Stock

Allegiance Bancshares Inc. (NASDAQ:ABTX) Director Thomas A. Reiser purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was bought at an average cost of $30.83 per share, for a total transaction of $308,300.00. Following the purchase, the director now directly owns 174,316 shares in the company, valued at approximately $5,374,162.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Allegiance Bancshares Inc. (NASDAQ:ABTX) opened at 30.90 on Friday. The firm’s 50-day moving average price is $28.01 and its 200 day moving average price is $25.85. The stock has a market cap of $398.76 million and a PE ratio of 18.75. Allegiance Bancshares Inc. has a 1-year low of $14.38 and a 1-year high of $33.75.

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

Several institutional investors have recently modified their holdings of ABTX. Acadian Asset Management LLC purchased a new position in shares of Allegiance Bancshares during the third quarter valued at about $111,000. BlackRock Advisors LLC raised its position in shares of Allegiance Bancshares by 42.3% in the third quarter. BlackRock Advisors LLC now owns 4,535 shares of the company’s stock valued at $122,000 after buying an additional 1,349 shares during the period. American International Group Inc. raised its position in shares of Allegiance Bancshares by 341.2% in the second quarter. American International Group Inc. now owns 6,323 shares of the company’s stock valued at $157,000 after buying an additional 4,890 shares during the period. Context BH Capital Management LP purchased a new position in shares of Allegiance Bancshares during the third quarter valued at about $214,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of Allegiance Bancshares during the second quarter valued at about $215,000. 30.38% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Thursday, July 28th. Keefe, Bruyette & Woods lifted their price target on Allegiance Bancshares from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Finally, Robert W. Baird cut Allegiance Bancshares from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research note on Wednesday, September 21st.

Allegiance Bancshares Company Profile

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