Allegiance Bancshares, Inc. (NASDAQ:ABTX) Shares Bought by Morgan Stanley


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Morgan Stanley increased its holdings in Allegiance Bancshares, Inc. (NASDAQ:ABTX) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 62,575 shares of the bank’s stock after buying an additional 4,208 shares during the period. Morgan Stanley’s holdings in Allegiance Bancshares were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ABTX. California Public Employees Retirement System grew its stake in shares of Allegiance Bancshares by 16.5% during the 2nd quarter. California Public Employees Retirement System now owns 41,898 shares of the bank’s stock worth $1,064,000 after purchasing an additional 5,924 shares during the period. American International Group Inc. grew its stake in shares of Allegiance Bancshares by 3.4% during the 2nd quarter. American International Group Inc. now owns 13,368 shares of the bank’s stock worth $339,000 after purchasing an additional 445 shares during the period. Bank of Montreal Can grew its stake in shares of Allegiance Bancshares by 148.3% during the 2nd quarter. Bank of Montreal Can now owns 1,996 shares of the bank’s stock worth $44,000 after purchasing an additional 1,192 shares during the period. Vanguard Group Inc. grew its stake in shares of Allegiance Bancshares by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,220,576 shares of the bank’s stock worth $30,991,000 after purchasing an additional 39,487 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Allegiance Bancshares by 14.7% during the 2nd quarter. Bank of America Corp DE now owns 19,210 shares of the bank’s stock worth $488,000 after purchasing an additional 2,459 shares during the period. Institutional investors own 44.34% of the company’s stock.

Shares of ABTX stock opened at $36.01 on Thursday. The stock’s fifty day moving average is $34.17 and its two-hundred day moving average is $27.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $736.33 million, a P/E ratio of 17.07 and a beta of 1.20. Allegiance Bancshares, Inc. has a fifty-two week low of $20.88 and a fifty-two week high of $38.95.

Allegiance Bancshares (NASDAQ:ABTX) last announced its quarterly earnings data on Tuesday, November 3rd. The bank reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.27. Allegiance Bancshares had a return on equity of 6.00% and a net margin of 17.69%. The company had revenue of $53.76 million for the quarter, compared to analyst estimates of $53.93 million. On average, equities analysts forecast that Allegiance Bancshares, Inc. will post 2.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Allegiance Bancshares’s dividend payout ratio is presently 15.56%.

ABTX has been the topic of a number of analyst reports. TheStreet raised shares of Allegiance Bancshares from a “c+” rating to a “b” rating in a research note on Monday, November 2nd. BidaskClub lowered Allegiance Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 18th. ValuEngine lowered Allegiance Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, November 5th. Zacks Investment Research upgraded Allegiance Bancshares from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, September 29th. Finally, Janney Montgomery Scott began coverage on Allegiance Bancshares in a research report on Friday, October 2nd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.33.

In other news, Director Roland L. Williams sold 2,000 shares of Allegiance Bancshares stock in a transaction on Tuesday, January 12th. The stock was sold at an average price of $36.82, for a total transaction of $73,640.00. Following the transaction, the director now owns 104,519 shares in the company, valued at approximately $3,848,389.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Roland L. Williams sold 2,500 shares of Allegiance Bancshares stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $26.23, for a total value of $65,575.00. Following the transaction, the director now owns 112,527 shares in the company, valued at approximately $2,951,583.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,000 shares of company stock worth $274,980. Insiders own 8.57% of the company’s stock.

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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