Stieven Capital Advisors L.P. Sells 3,000 Shares of Allegiance Bancshares Inc (NASDAQ:ABTX)

Stieven Capital Advisors L.P. lessened its position in shares of Allegiance Bancshares Inc (NASDAQ:ABTX) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,008 shares of the bank’s stock after selling 3,000 shares during the period. Stieven Capital Advisors L.P. owned approximately 1.13% of Allegiance Bancshares worth $7,969,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ABTX. Teton Advisors Inc. raised its stake in shares of Allegiance Bancshares by 4.1% in the second quarter. Teton Advisors Inc. now owns 74,100 shares of the bank’s stock valued at $2,470,000 after acquiring an additional 2,900 shares during the period. Swiss National Bank boosted its holdings in shares of Allegiance Bancshares by 5.2% in the 2nd quarter. Swiss National Bank now owns 22,400 shares of the bank’s stock valued at $747,000 after buying an additional 1,100 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Allegiance Bancshares in the 2nd quarter valued at about $449,000. Aperio Group LLC bought a new stake in shares of Allegiance Bancshares in the 2nd quarter valued at about $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Allegiance Bancshares by 101.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,640 shares of the bank’s stock valued at $55,000 after buying an additional 826 shares in the last quarter. Institutional investors own 34.04% of the company’s stock.

In other Allegiance Bancshares news, Director David B. Moulton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $33.88, for a total transaction of $67,760.00. Following the completion of the transaction, the director now directly owns 30,941 shares of the company’s stock, valued at approximately $1,048,281.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Louis A. Jr. Waters sold 1,710 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $31.46, for a total transaction of $53,796.60. Following the transaction, the director now directly owns 23,741 shares of the company’s stock, valued at $746,891.86. The disclosure for this sale can be found here. Insiders sold a total of 30,741 shares of company stock valued at $1,001,375 over the last quarter. 10.17% of the stock is owned by company insiders.

ABTX stock traded down $0.27 during trading on Tuesday, reaching $32.17. The company had a trading volume of 1,156 shares, compared to its average volume of 74,872. The firm has a 50-day simple moving average of $33.16 and a 200-day simple moving average of $34.86. The company has a market cap of $678.76 million, a price-to-earnings ratio of 12.76 and a beta of 1.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04. Allegiance Bancshares Inc has a twelve month low of $28.58 and a twelve month high of $45.62.

Allegiance Bancshares (NASDAQ:ABTX) last released its earnings results on Friday, July 26th. The bank reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $49.42 million during the quarter, compared to analysts’ expectations of $48.20 million. Allegiance Bancshares had a net margin of 22.35% and a return on equity of 8.32%. Sell-side analysts expect that Allegiance Bancshares Inc will post 2.63 earnings per share for the current year.

ABTX has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Stephens restated a “hold” rating and issued a $36.00 price target on shares of Allegiance Bancshares in a report on Monday, April 29th. Zacks Investment Research upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Monday, July 1st. ValuEngine upgraded shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Raymond James set a $38.00 price target on shares of Allegiance Bancshares and gave the company a “buy” rating in a report on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $37.82.

About Allegiance Bancshares

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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