New York State Common Retirement Fund Purchases 1,599 Shares of Allegiance Bancshares, Inc. (ABTX)

New York State Common Retirement Fund boosted its position in Allegiance Bancshares, Inc. (NASDAQ:ABTX) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,800 shares of the bank’s stock after purchasing an additional 1,599 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Allegiance Bancshares worth $490,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Allegiance Bancshares by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 7,167 shares of the bank’s stock worth $275,000 after buying an additional 129 shares in the last quarter. Context BH Capital Management LP raised its position in shares of Allegiance Bancshares by 1.0% during the 2nd quarter. Context BH Capital Management LP now owns 14,204 shares of the bank’s stock worth $544,000 after buying an additional 140 shares in the last quarter. Bank of America Corp DE raised its position in shares of Allegiance Bancshares by 4.7% during the 1st quarter. Bank of America Corp DE now owns 5,351 shares of the bank’s stock worth $199,000 after buying an additional 241 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of Allegiance Bancshares by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 7,552 shares of the bank’s stock worth $289,000 after buying an additional 349 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of Allegiance Bancshares by 7.1% during the 1st quarter. American International Group Inc. now owns 6,763 shares of the bank’s stock worth $252,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 38.71% of the company’s stock.

Allegiance Bancshares, Inc. (NASDAQ ABTX) opened at $37.65 on Tuesday. The stock has a market cap of $491.01, a P/E ratio of 24.67 and a beta of 2.42. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. Allegiance Bancshares, Inc. has a 52 week low of $30.00 and a 52 week high of $40.45.

Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.27). The business had revenue of $28.46 million during the quarter, compared to analyst estimates of $28.81 million. Allegiance Bancshares had a return on equity of 6.91% and a net margin of 16.88%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. research analysts expect that Allegiance Bancshares, Inc. will post 1.71 earnings per share for the current fiscal year.

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In other news, insider Daryl D. Bohls sold 1,500 shares of Allegiance Bancshares stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $38.00, for a total value of $57,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Umesh Jain sold 2,000 shares of Allegiance Bancshares stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $35.48, for a total transaction of $70,960.00. Following the completion of the transaction, the director now directly owns 143,675 shares in the company, valued at $5,097,589. The disclosure for this sale can be found here. Insiders sold a total of 80,476 shares of company stock worth $3,056,443 in the last ninety days. Corporate insiders own 13.88% of the company’s stock.

ABTX has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Allegiance Bancshares from a “c-” rating to a “b-” rating in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods set a $42.00 price target on shares of Allegiance Bancshares and gave the stock a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of Allegiance Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, BidaskClub cut shares of Allegiance Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $41.67.

Allegiance Bancshares 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.

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Institutional Ownership by Quarter for Allegiance Bancshares (NASDAQ:ABTX)

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